mumbai may 17 reuters  the indian rupee on wednesday hit a more than sixweek low tracking broader dollar strength on higher us yields and safe haven flows the rupee was at 824025 against the us dollar by 1059 am ist its lowest since april 3 compared to 822050 in the previous session safe haven demand and resilient us economic data sent us yields higher overnight the twoyear yield reached at high of 412 us equities declined and the dollar index rose to near 10260 the risk sentiment is down said srinivas puni managing director at quantart market solutions a weak china data has pulled down the asian forex market he added dollar index strength may weigh on the rupee a trader with private bank said adding that the currency is expected to remain pretty range bound us data released overnight indicated that the economy remained resilient despite higher interest rates retail sales rose 04 monthonmonth in april with control retail sales up 07 industrial production rose 05 onmonth in april with manufacturing output up 10 the data and comments by us federal reserve officials bought into question the current expectations that the central bank will cut rates later this year chicago fed president austan goolsbee said it was far too premature to be talking about rate cuts cleveland fed president loretta mester said rates were not yet at a point where the central bank could hold steady given stubborn inflation