Rupee gains marginally, forward premiums tick up as US bond yields drop

The Indian rupee saw a slight increase following a lower-than-expected U.S. inflation report, which raised expectations of potential rate cuts by the Federal Reserve. This development pushed down U.S. bond yields, contributing to higher dollar-rupee forward premiums.

As of 10:05 a.m. IST, the rupee was trading at 83.52 against the U.S. dollar, showing a modest improvement from its previous close of 83.56.