mumbai april 26 reuters  the indian rupee is expected to decline on wednesday as worries over the us banking sector reappeared prompting a slide in us equities and boosting the us dollar nondeliverable forwards indicate the rupee will open at around 81988200 to the us dollar compared with 819125 in the previous session the usdinr will open with a slight bid tone but based on how the pair has been it is doubtful there will be a major followthrough a spot trader said for it usdinr to catch a meaningful uptrend there needs a sustained and significant deterioration in risk the sp 500 index declined by the most in over a month overnight the dollar rose against its major peers and us yields declined as a tumble in regional us banks shares reignited concerns over the banking sector first republic bank shares nosedived to a record low after the bank disclosed a 100 billion plunge in deposits a source told reuters the bank is considering asset sales bank stresses remained the barometer for risk sentiment on tuesday with price action across macro markets emblematic of a flight to quality assets morgan stanley said in a daily note to clients the dollar index rose half a percent on tuesday and safehaven demand fuelled a near 20basis point bps decline in the twoyear us yield the odds of a rate hike next week by the us federal reserve dipped slightly but the base case remained that of a 25bps hike data released on tuesday added to the weak risk mood us consumer confidence dropped to a ninemonth low in april heightening the risk that the economy could fall into recession this year the us richmond fed manufacturing index slid to 10 in april the fourth straight month of contraction  usdinr nse may futures settled on tuesday at 8207  brent crude futures up 03 at 81 per barrel after falling more than 2 on tue  tenyear us note yield down to 34080  as per nsdl data foreign investors sold a net 41 mln worth of indian shares on apr 24