USD/INR Price News: Indian Rupee bulls eye 82.50 amid mixed sentiment, US Dollar pullback USDINR RiskAppetite Sentiment Fed Asia
ring early Thursday. In doing so, the Indian Rupee pair benefits from the mildly positive sentiment in Asia, as well as the US Dollar’s pullback from a six-week high marked on Wednesday.concerns and mixed headlines from China, not to forget the US debt ceiling woes. The reason could be linked to a retreat in the US Treasury bond yields. Earlier in the day, China President Xi Jinping crossed wires while showing readiness to deepen industrial and investment cooperation with Asia.
Amid these plays, the S&P 500 Futures print mild gains around 4,165 while extending the previous day’s gains whereas the US 10-year Treasury bond yields retreat following the run-up to a 1.5-month high marked on Wednesday, down two basis points to near 3.78% by the press time.and the US-data-backed hawkish expectations from the Federal Reserve can probe the USD/INR bears ahead of the second-tier US data concerning the housing market, industrial activity and producer prices.
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