Rupee Weakens Amid Rising US Rates and Slowing Growth

The Indian rupee is expected to open little changed against the US dollar after declining for three straight sessions.
Higher US Treasury yields and a stronger dollar put pressure on the rupee and other Asian currencies.
Investors expect the Federal Reserve to raise interest rates again at its next meeting in May.
Weaker US economic data stoked worries over slowing US growth and global economic expansion.
Indian rupee forward premiums rose, indicating increased demand for dollars from public sector banks.