Rupee set to rally on India's inclusion in JPMorgan bond index

By: Admin

MUMBAI, Sept 22 (Reuters) - The Indian rupee is expected to climb at the open on Friday as India's inclusion in JPMorgan's widely followed emerging market bond index is expected to lead to inflows of billions of dollars.

Non-deliverable forwards indicate the rupee will open at around 82.80-82.82 to the U.S. dollar, compared with 83.09 in the previous session.

"We would probably have been much higher if global cues were supportive," a forex dealer at a Mumbai-based bank said.