Key Points
MUMBAI, Oct 25 (Reuters) - The Indian rupee is expected to climb on Wednesday following a further decline in oil prices on worries over demand and a pullback in U.S. Treasury yields...
Non-deliverable forwards indicate the rupee , resuming trade after Tuesday's holiday, will open at around 83.00-83.02 to the U.S. dollar, compared with 83.1925 in the previous session...
Concerns over demand in the wake of weak euro zone data and diplomatic efforts to contain the Middle East conflict have dented the demand for oil...
External pressures on Asia "are easing this week" with 10-year U.S. yields and oil prices retracting lower and dollar index "uptrend seem to be pausing", DBS said in a note...
** As per NSDL data, foreign investors bought a net $216.5mln worth of Indian shares on Oct. 20..
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