mumbai sept 29 reuters  the indian rupee is expected to open higher against the us currency after the bank of englands decision to buy longdated british bonds prompted a pullback in treasury yields and the dollar index the rupee is seen at around 81608165 per dollar in early trades up from a record closing low of 8194 on wednesday the local unit has dropped nearly 3 over the past six sessions despite likely intervention by the reserve bank of india the dollar index tumbled on wednesday treasury yields fell sharply and us equities recovered after the boe took measures to stop the rout in the uk bond market the obvious question for the rupee is how sustainable the big moves seen across developed markets are likely to be said a trader at a mumbaibased bank the rupee will open higher but based on what has happened over the last week or so the benefit of doubt will be more in favour of this just being a relief rally the boe said it would buy as much government debt as needed after new uk prime minister liz trusss tax cutting plans triggered financial chaos the dollar index fell the most in more than two years on wednesday as risk aversion eased the uk 10year yield plunged 50 basis points helping halt the selloff in the treasury market the 10year treasury yield dropped to near 370 risk appetite recovered with the sp 500 index climbing 2 overnight asian shares were trading higher by as much as 12 while currencies were mixed investors now await the rbis monetary policy committees decision on friday with growing expectations of a 50 basis point hike due to the pressure on the rupee from large interest rate hikes in the united states read more  usdinr forward premium as of sep 28 for end current month is 278 paise  brent crude futures up 02 at 895 per barrel  tenyear us note yield at 376 india 10yr bond yield at 739  as per nsdl data foreign investors sold a net 3736mln worth of indian shares on sept 27