INDIA RUPEE Rupee seen opening higher as oil falls further, Asian FX rise

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INDIA RUPEE Rupee seen opening higher as oil falls further, Asian FX rise
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The Indian rupee was expected to open firmer against the dollar on Friday, amid weaker oil prices and as Asian currencies were led higher by the Chinese yuan.

The rupee was seen around 82.25-82.30 per dollar in early trades, compared with its previous close of 82.42.

Risk assets may have a better session on Friday as soft U.S. data overnight pressured the dollar, with oil prices near December 2021 levels helping the rupee, said a foreign exchange dealer. The dollar index was down for a third day. Fears around a slowdown in the United States owing to the Federal Reserve's rate hikes have taken hold off late, with aInvestors were jittery ahead of a series of economic data releases in the United States, including monthly producer prices on Friday and consumer inflation next Tuesday.

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