Emerging markets: Indian rupee on a high as Asean currencies make gains


SINGAPORE/MUMBAI, Aug 28 (Reuters): India's rupee rose for the fourth session in five on Friday as traders reported no sign of a return of central bank selling, leading gains across Asia against the dollar following a landmark speech by US Federal Reserve chief Jerome Powell.

There was some strength for the dollar overnight as 10-year US bond yields pushed higher after Powell's message that the central bank would allow inflation to run higher and do more to get it there in future.

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