Rupee to open higher on robust India GDP, cooling US inflation

The Indian rupee is likely to open higher on Friday following robust domestic economic data, while a separate report indicated U.S. inflation was cooling. Non-deliverable forwards indicate the rupee will open at around 83.33-83.34 to the U.S. dollar compared with 83.3950 in the previous session. Economists raised their forecasts for India's GDP growth for the current fiscal year.