# INDIA RUPEE Rupee may inch up as fall in U.S. yields boosts Asian currencies

> 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.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/39416-india-rupee-rupee-may-inch-up-as-fall-in-u-s-yields-boosts-asian-currencies
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/india-rupee-rupee-may-inch-up-fall-us-yields-boosts-asian-currencies-2022-10-28/

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