USD/INR loses ground on the lower US yields, eyes on US PCE data

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• Indian Rupee attracts some buyers despite the stronger GDP figure.
• The higher Treasury bond yields, Middle East geopolitical conflicts might cap the INR’s upside.
• Investors will monitor the US Core Personal Consumption Expenditures Price Index (PCE) data, which is expected to ease in September.

Indian Rupee (INR) holds positive ground on Friday. The USD/INR pair loses momentum on the lower US Treasury bond yields despite the upbeat US Gross Domestic Product (GDP) figures. Nonetheless, the Indian Rupee remains sensitive to market sentiment and the Middle East escalating tension headline could limit the INR’s upside in the near term.