Indian rupee propped by more dollar losses on dovish Fed outlook – Markets

MUMBAI: The Indian rupee is expected to open higher on Thursday following a further slide in the US dollar on bets the US central bank will most likely cut interest rates in the next quarter.

Non-deliverable forwards indicate the rupee will open at around 83.26-83.28 to the US dollar, compared with 83.3450 in the previous session. USD/INR had its best day in nearly three months on Wednesday,…