Rupee to open flat as Asia FX braces for risk-off

Rupee to open flat as Asia FX braces for risk-off

The Indian rupee is set for a quiet open on Friday, with Asian currencies largely absorbing the latest bout of risk-off sentiment, supported by a slide in US Treasury yields. The 1-month non-deliverable forward indicated the rupee will open largely unchanged versus the US dollar, having settled at 88.7050 on Thursday.

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