# Fall in US yields to help rupee consolidate above 83/USD

> The rupee was expected to hold above 83 per U.S. dollar after closing at 82.965 the previous session. A fall in U.S. Treasury yields reduced demand for the greenback.

- Date: 2024-02-02 · published 2024-02-02T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31965-fall-in-us-yields-to-help-rupee-consolidate-above-83-usd
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Lower U.S. yields weaken the dollar's pull on emerging-market currencies, which tends to push USD/INR lower and makes Indian imports of feed-related commodities marginally cheaper.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/fall-us-yields-help-rupee-consolidate-above-83usd-2024-02-02/

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