Key Points
MUMBAI, Nov 2 (Reuters) - The Indian rupee is expected to open marginally higher on Thursday on the back of a fall in U.S. Treasury yields after a slightly dovish stance from the Federal Reserve...
Non-deliverable forwards indicate rupee will open at around 83.24 to the U.S. dollar compared with the close of 83.28 in the previous session...
"It will be a relief (for the rupee) that at least at open there will no fallout of what happened late yesterday," a forex spot dealer at a bank said.. "It looks like that after the brief excitement yesterday, we will be back to a quiet day."..
"We saw the FOMC (Federal Open Market Committee) statement and the press conference slightly dovish overall, and the market appeared to agree," Goldman Sachs said in a note...
Goldman Sachs pointed out that the FOMC statement acknowledged the recent tightening in financial conditions, and that Powell laid out conditions under which the tightening would displace the need to hike...
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