Key Points
MUMBAI, Nov 9 (Reuters) - The Indian rupee is expected to open slightly higher on Thursday after demand worries prompted a further fall in oil prices and as U.S. yields slid more...
Non-deliverable forwards indicate the rupee will open at around 83.24-83.25 to the U.S. dollar, compared with 83.2725 in the previous session...
"Taking into account how it has panned out on other days, this marginal opening dip (in USD/INR) is all we will get," a forex trader at a bank said.. "What oil prices and U.S. yields are doing is curtailing the upside pressure (in USD/INR), which the RBI (Reserve Bank of India) will be happy about."..
"The takeaway from the Fed Chair is to be more flexible on economic forecasting during times of 'unpredictable shocks', but his words clearly fell short of a direct guidance of growth risks for the U.S. economy," Yeap Jun Rong, market strategist at broker IG Asia, said.. KEY INDICATORS:..
** As per NSDL data, foreign investors sold a net $37.5mln worth of Indian shares on Nov. 7..
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