The Indian Rupee strengthens early Thursday despite rising US Treasury yields, pressuring the USD/INR pair near 95.60.
The Indian Rupee (INR) rose against the US Dollar (USD) in early trading on Thursday, pushing the USD/INR pair down to approximately 95.60. The move defied upward pressure from surging US Treasury yields, which typically support the greenback.
US Treasury yields have climbed in recent sessions, often weighing on emerging market currencies. However, the INR held firm, reflecting resilience amid broader market volatility and potential inflows into Indian assets.
No immediate market reaction data was provided, but the currency pair’s movement suggests relative stability in the INR despite external pressures.