Indian benchmarks may open higher; foreign flows, US fiscal woes seen capping gains

May 23 (Reuters) - India's equity benchmarks roseate connected Friday to bushed large Asian peers arsenic easing U.S. Treasury yields lifted planetary capitalist sentiment.

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The Indian rupee posted its largest single-day summation successful much than 2 years portion the benchmark 10-year enslaved output declined up of the cardinal bank's surplus transportation to the government.

"Indian markets are apt moving up of fundamentals and reacting pre-emptively to the expected home complaint chopped connected June 6," said Vikas Gupta, CEO and main concern strategist astatine OmniScience Capital.

The Reserve Bank of India is expected to chopped the argumentation complaint for the 3rd consecutive clip connected June 6 to enactment economical growth.

Long-dated U.S. enslaved yields eased connected Friday, with those connected the 10-year enactment disconnected 3.8 ground points to 4.51%. U.S. enslaved yields spiked earlier this week connected concerns implicit a tax-cut measure that is expected to adhd $3.8 trillion to national debt.

The Republican-controlled U.S. House of Representatives passed the sweeping taxation and spending bill, which present heads to the Senate for approval.

Foreign investors sold Indian shares successful 3 of the past 4 sessions.

The Nifty and Sensex ended the week down astir 0.7% each, aft a 4% rally successful the anterior week.

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