WEEKAHEAD-Indian rupee, bond yields to take cues from RBI, Fed minutes

MUMBAI, Feb 20 (Reuters) – The Indian rupee is expected to be rangebound this week and both the currency and government bond yields will take cues from the minutes of the U.S. Federal Reserve and the Reserve Bank of India’s latest monetary policy meetings due later in the week. The rupee ended at 83.0150 against the dollar on Friday, little changed week on week, even as the greenback logged its fifth straight weekly gain on a continued pullback in aggressive bets on early Fed rate cuts. Indian debt and foreign exchange markets were shut on Monday for a local holiday. The rupee is likely to trade with a “slightly positive bias,” this week and a continuation of debt-related dollar inflows…

Source: Market Screener
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