mumbai march 13 reuters  the indian rupee opened higher against the us dollar on monday boosted by a plunge in nearmaturity treasury yields on expectations that the federal reserve may take a less hawkish posture on interest rates the rupee opened at 8176 per dollar up from 8204 in the previous session following the failure of the silicon valley bank futures have almost priced out the possibility of a 50 basis points rate fed rate hike at the march 2122 meeting a few economists expect the us central bank to not hike at all in light of recent stress in the banking system we no longer expect the fed to deliver a rate hike at its march 22 meeting with considerable uncertainty about the path beyond march goldman sachs said in a note to clients the fed the us treasury and the federal deposit insurance corporation fdic took steps to avoid a broader fallout of the collapse of svb read more us equity futures soared 18 in asia trading the 2year treasury yield plunged 20 bps and the dollar index dropped below 104 while the dollar is weak due to the fall in us yields it remains to be seen if that translates to rupee strength given that an element of risk aversion and safe havenhunting will be in the mix now said srinivas puni managing director at quantart market solutions