A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018.
REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsMUMBAI, Oct 12 (Reuters) - The Indian rupee on Thursday will be boosted by the pullback in oil prices and softer U.S. Treasury yields, while investors wait for the important U.S. inflation data due later in the day.
India's inflation data is due after market hours.
Meanwhile, headline U.S. consumer inflation index (CPI) is expected to rise 0.3% month-on-month.
"Today’s U.S. CPI inflation may surprise like yesterday’s PPI inflation," DBS Research said in a note.
Persons:
Francis Mascarenhas, Brent, Nimesh Vora, Mrigank
Organizations:
REUTERS, Rights, Treasury, Reuters, Federal Reserve, Fed, CPI, DBS Research, Brent, Thomson
Locations:
Mumbai, India, Rights MUMBAI, Asia, U.S