Rupee Steady Despite Positive Risk Mood and Strong US Jobs Report
- Fed rate hike expected to be on pause at June meeting as markets see inflation slowing
- Indian rupee held flat with RBI intervention amid dollar inflows and rise in forex reserves
- Investors see dollar strength easing with focus on inflation data from US and India this week
- Strong US jobs growth in April along with drop in unemployment boost risk appetite globally
- Rupee seen opening slightly higher but ended little changed on likely RBI dollar buying