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Market move● Neutral for Indian equities
Rupiah set for biggest weekly fall since May as US yields rise and dollar firms
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- Rupee weakens to 95.88–95.95 per dollar as oil rises and foreign outflows persist
- Currency Check: Rupee opens marginally lower against dollar; Asian peers fall
Dollar gains as US yields and rate bets rise
A firm dollar and rising US Treasury yields, supported by strong manufacturing data and expectations of further rate increases, pressured other currencies. The Indonesian rupiah was on track for its steepest weekly fall since May.
Friday, 25 September
- Rupiah set for biggest weekly fall since May as US yields rise and dollar firms