<ul><li>The Indian rupee appreciated sharply by 31 paise at market close on Thursday, extending its slip below the psychological level of 86 for the third session.</li><li>India's real yields continue to remain higher than those of major global economies, making Indian assets more appealing to foreign investors.</li><li>A decisive break below the 85.50 level could open the path toward 85.00 in the near term.</li><li>The dollar index is likely to see a short-term pullback to the 101.50–102 range, driven by the hawkish statements from the Federal Reserve.</li></ul>

Rupee Extends Gains To Close Stronger On Dollar Index Pressure

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