USD Vs INR Trade Today In 5 Points
The dollar rally broadly sagged today as US Treasury yields declined from their recent peaks. Asian stock markets rebounded today after a Federal Reserve official eased worries about aggressive rate hikes from the US central bank.
St Louis Fed President James Bullard on Thursday said policymakers need to be careful not to increase rates too quickly because that could slow the economy.
This tamped down expectations of four rate hikes in 2018, instead of the widely anticipated three increases.
The rupee may trade in the range of 64.83-65.05 today, says forex advisory firm IFA Global. If the US bond yields move sharply higher it could trigger fresh weakness in rupee, the advisory firm added.(With Agency Inputs)
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