# Rupee pegged back by dollar, US yields; RBI expected to intervene again

> The Indian rupee was expected to open largely unchanged on Monday, supported by expectations that the RBI would again intervene against a stronger dollar and rising US Treasury yields. The report was dated October 28.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/28161-rupee-pegged-back-by-dollar-us-yields-rbi-expected-to-intervene-again
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expected central bank support limits downside in the rupee, keeping Indian import costs for feed and oil stable in the near term.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-pegged-back-by-dollar-us-yields-rbi-expected-intervene-again-2024-10-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.