Indian Rupee Nudges Up on Lower US Bond Yields, Forward Premiums Rise
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#19e6c8d0 ver:1.27
The Indian rupee strengthens against the US dollar as US bond yields decline, causing forward premiums to rise. The 1-year implied yield is up 2 basis points at 1.64%. The US economy cooling has increased the likelihood of a September interest rate cut to above 70%. The upcoming US non-farm payrolls report will provide further insight into the Fed's policy rates trajectory. #IndianRupee #USBondYields #ForwardPremiums #FedPolicy...
#newstr #Rupee #UsBondYields #ForwardPremiums #AsianCurrencies #DollarIndex #ChineseYuan #JapaneseYen #UsTreasuryYield #InterestRateCut #NonfarmPayrolls
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