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The rupee was expected to strengthen after US Treasury yields fell when the Federal Reserve said it would slow its balance sheet runoff from next month. The Fed's dot plot also pointed to two rate cuts this year.
The 2-year Treasury yield slipped below 4%.
A stronger rupee makes Indian exports such as rice and meal dearer in dollar terms, which can weigh on Indian export offers. Lower US yields tend to ease pressure on emerging-market currencies generally.
reuters.comNimesh VoraMar 20, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
