A "bunch of hikes" could turn Fed policy restrictive, says Bullard. Benchmark 10-year US Treasury yields retreated from the more than four-year highs hit on Wednesday.
US equities advanced yesterday, putting major indexes on track to splinter the recent series of declines, buoyed by gains in industrial and energy shares. Asian shares rebounded on Friday as comments from the Fed official eased worries that the central bank might raise rates more aggressively this year.
The dollar slumped broadly today after its recovery this week faded as U.S. Treasury yields declined from their recent peaks.
The Indian Unit is seen opening around the 65 mark and USDINR is expected to hover around 65 today with a mild downward bias.