The Indian rupee is expected to open slightly stronger after ending the previous session at Rs.96.3150 against the US dollar. The currency has remained under pressure after moving beyond the Rs.96-per-dollar level, with high US Treasury yields and elevated crude prices weighing on sentiment.
A decline in oil prices and reduced expectations of a Federal Reserve rate hike could provide some near-term support. However, continued pressure from global yields and foreign portfolio outflows remains an important factor for the currency market.
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