Rupee settles marginally higher at 83.53 against US dollar; 10-year G-Sec ends flat

Expectations of a September rate cut by the US Federal Reserve rose to 90% after the US inflation data was released, according to CME’s FedWatch tool. Traders are expecting a broad range of 83.30 to 83.60 versus the US dollar in the rupee movement. Bond and rupee traders kept off large bets ahead of the Indian inflation data released after market hours on Friday.