# Rupee likely to sidestep rally in Asia FX fuelled by US yields

> The rupee was expected to open little changed on November 28, failing to join a broad rally in Asian currencies. Non-deliverable forwards pointed to an opening near 83.37. Market participants blamed weak exporter hedging and slowing portfolio inflows.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/33469-rupee-likely-to-sidestep-rally-in-asia-fx-fuelled-by-us-yields
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Persistent rupee weakness keeps dollar-denominated feed import costs elevated for Indian buyers. The move is routine currency commentary with no new commodity cause.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-likely-sidestep-rally-asia-fx-fuelled-by-us-yields-2023-11-28/

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