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On Thursday, the Indian rupee is anticipated to benefit from the decline in oil prices and the softening of U.S. Treasury yields, with investors closely monitoring crucial U.S. inflation data scheduled for later in the day.
Non-deliverable forwards suggest that the rupee will open slightly higher than the previous session, surpassing the 83.1875 mark.
Brent crude witnessed a dip in Asia, reaching $85.40 per barrel, following a 2% drop on Wednesday, driven by a larger-than-expected surge in U.S. inventories. These developments are poised to influence the rupee’s performance in the foreign exchange market.
