The Indian rupee is expected to open higher, bolstered by strong Asian currencies and investor concerns over the US fiscal outlook. Despite broader dollar weakness, the rupee remains rangebound, trading between 85.30 and 85.80. Rising US Treasury yields also contribute to market dynamics.

• Rupee to open at 85.55, 85.58 range.
• US 30, the year yield breached the 5% level.
• FIIs sold $1.175B in Indian shares.