USDINR well above of support levels , market sentiment turning on every dip buying opportunity as equity market volatility mounting ahead of USA presidential election.
The local unit opened 18 pips weaker at 73.7650 per dollar against previous close of 73.59 and remained in the range of 73.53-73.79. Indian rupee ended marginally higher at 73.54 per dollar.
Prime Minister Narendra Modi's party promised free doses of any future COVID-19 vaccine for the residents of eastern Bihar state if it wins local elections there, drawing accusations of playing politics with the pandemic.
Democrat Joe Biden renewed his attacks on U.S. President Donald Trump's handling of the coronavirus pandemic at Thursday's final debate before the Nov. 3 election, while Trump leveled unfounded corruption accusations at Biden and his family.
INTRADAY RANGE - (73.47 - 73.82 ) 74.03
GLOBAL OUTLOOKS
Dollar seems going to end poor performer of the week on Friday, having shed about a cent against the euro and suffered its largest weekly drop against the yen in a month, as investors began to wager on a Biden presidency and big U.S. stimulus.
The dollar has been sold through the week because the prospect of stimulus has supported investors' mood and their appetite for riskier currencies instead, while underlying caution has also given the safe-haven Japanese yen a boost.
Persistent hopes that Congress might pass a stimulus package before the election and confidence that spending follows anyway, no matter who gets elected, has driven a selloff in the bond market in anticipation of more government borrowing.
The New Zealand dollar slipped 0.l% Friday after softer-than-expected inflation data, but has gained almost 1% for the week.
Sterling slipped overnight on uncertainty over Brexit outlook, but it is up 1.2% this week and is clinging on above $1.30 thanks to hopes that Britain and the European Union can reach a trade deal before a transition period ends on Dec. 31.
British, European and U.S. Purchasing Managers' Index figures are due later on Friday.
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