Rupee likely to draw support from expected inflows amid rise in US yields

Amidst market volatility, the Indian rupee faces uncertainties from unexpected dips and profit-taking motives. The inclusion of Indian bonds in the JPMorgan index drives interbank short positions, hinting at heightened intraday fluctuations. Rising U.S. yields pose challenges for Asian currencies, while offshore yuan and yen weaken, reflecting broader market shifts.