The Indian rupee is expected to open little changed or marginally higher on Friday, after weak U.S. data prompted a pullback on U.S. yields and dampened risk appetite.
The non-deliverable forwards indicate the rupee will open at around 82.10 to 82.15 to the dollar compared with 82.1475 in the previous session.
The local currency on Thursday managed to nudge higher, halting its recent losing run and avoiding slipping below the 82.20-82.30 level."On one hand, the dollar index is down alongside U.S. yields, and on the other, U.S. growth worries is impacting risk," he said. The 82.20 to 82.30 level should hold up "for now" and there should be "decent" dollar demand ahead of 82.The number of Americans filing new claims for unemployment benefits
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