Skip to content
Subscriber Only

Indian Rupee Volatility Advances as Fed Rate Bets Boost Dollar

Updated on

A gauge of expected swings in India’s rupee rose as speculation an improving U.S. economy will prompt the Federal Reserve to raise interest rates boosted the dollar.

The Bloomberg Dollar Spot Index, which tracks the greenback versus 10 major currencies, has gained 0.8 percent in the past four days. U.S. factory orders rose in March by the most since July, a report showed Monday, while data on Friday is forecast by economists to show hiring picked up in April. India’s benchmark 10-year bonds halted a two-day decline as trading resumed after holidays.