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The rupee was expected to open slightly higher on October 28 at about 82.45 per dollar. The move followed a further pullback in US Treasury yields, which lifted Asian currencies.
The 10-year US yield had slipped below 3.90%, down more than 40 basis points from the prior week's highs.
A softer dollar and lower US yields ease pressure on emerging-market currencies, which can modestly reduce import costs for Indian feed buyers. The effect is small and short-lived unless yields keep falling.
reuters.comAnushka TrivediOct 28, 2022Not 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.
