weeklyfinancenews - ASIA - India Rupee increases despite decrease in US yields, but not as much as other Asian currencies.

India Rupee increases despite decrease in US yields, but not as much as other Asian currencies.

By f r on November 6, 2023 6:53 am

In today’s market, the value of the Indian rupee saw an increase. This rise can be attributed to the decrease in U.S. treasury yields and a weakening dollar. Traders and investors speculate that the U.S. Federal Reserve has reached the end of its current rate-hiking cycle.

The drop in U.S. treasury yields has played a significant role in the strengthening of the Indian rupee. As yields decrease, the demand for dollar-denominated assets wanes, leading to a decline in the dollar’s value. Additionally, market participants are betting that the U.S. Federal Reserve will not further increase interest rates in the near future, which has further bolstered the confidence in the rupee.

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Published in ASIA