💨 Abstract

The Indian rupee is expected to open marginally higher on Thursday due to a fall in U.S. yields and a stable dollar. The 1-month non-deliverable forward indicates an opening rate of 87.14-87.16 to the U.S. dollar. The rupee dropped 0.6% in the previous session due to dollar demand tied to derivatives contract expiry.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖