Market move▲ Bullish for Indian equities
Rupee may open slightly stronger as oil falls and Fed hike bets fade
The brief
- Traders expect the rupee to open at 96.22-96.26 per dollar
- The rupee settled at 96.3150 to the dollar on Thursday
- A firmer rupee and lower oil could ease imported-cost pressures for Indian companies
- Business News Live: Indian rupee and bonds brace for RBI MPC meeting starting today
- Why US Treasury bond yields matter, what it means for Indian investors, and the impact on rupee
- Let exchange rate act as shock absorber: IMF on Fed hike impact on India
- What will bring foreign investors back to Indian stock market? 5 things that should go right
- India likely to grow around 7% this year despite oil, rainfall concerns: Nilesh Shah