• The Indian Rupee extends gains due to expected foreign inflows on bonds joining J.P. Morgan’s Emerging Market Bond Index.
• Indian equity markets appreciate due to the return of foreign institutional investors and growing purchases in index heavyweights.
• US Core PCE to be released on Friday; expected to decrease YoY to 2.6% from the previous 2.8%.

The Indian Rupee (INR) extends its gains for the second successive session during the Asian hours, which could be attributed to the expectations of foreign inflows. Indian bonds are set to enter the JP Morgan Emerging Market (EM) Bond Index on Friday.

Indian equity markets extend gains due to the return of foreign institutional investors and growing purchases in index heavyweights, amidst a solid economy and prospects of policy continuity.

Indian Rupee traders would likely observe key economic data on Friday, including the Federal Fiscal Deficit for May and FX Reserves for the week ending June 17.

On the US Dollar’s (USD) front, Core PCE Price Index inflation is projected to decrease YoY to 2.6% from the previous 2.8%. This data is seen as the Federal Reserve's (Fed) preferred inflation gauge.