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Home » INDIA RUPEE-Rupee inches up, importers’ dollar bids likely to cap upside

INDIA RUPEE-Rupee inches up, importers’ dollar bids likely to cap upside

    The Indian rupee inched up on Thursday, tracking an uptick in its Asian peers ahead of the release of key U.S. inflation data that will influence market expectations of when the Federal Reserve could begin easing policy rates. The rupee was at 82.8925 against the U.S. dollar as of 11:45 a.m. IST, slightly stronger when compared with the previous close at 82.9225. The dollar index was little changed at 103.85, while most Asian currencies rose, led by the Philippine peso up 0.2%.

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