Rupee Rises to Three-Week High as Yields Shine on Fed Pullback

  • Reserve Bank of India expected to keep rates on hold Tuesday
  • Pimco, Aberdeen favor local assets on attractive carry, yields

India’s rupee rose to its strongest in almost three weeks on optimism investors will be lured to bond yields that are among the highest in Asia as speculation builds that the U.S. will delay raising interest rates after jobs growth weakened.

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