We are expecting USDINR pair start with positive note on globally greenback on negative territory as well as Chinese Yuan sharply corrected trading at 7.13 from Friday closing 7.16.
India on Sunday expelled two officials working at the Pakistan embassy in New Delhi after they were held for espionage, the foreign ministry said in a statement.
Monsoon rains are likely to enter India through the southern coast around June 1.
INTRADAY RANGE - 75.05 ( 75.28 - 75.63) 75.85
Importers must cover on every 25 - 45 pips gap
Exporters can cover short term near 75.75 -75.85.
GLOBAL HIGHLIGHTS
The dollar slipped on Monday as investors looked past unrest in the United States to the global economic recovery from the corona-virus.
Trump did not provide specific measures in the response, and some investors remained hopeful that the tensions between the two countries would have minimal impact.
Goldman Sachs sees the yuan falling to its lowest since 2008 over the next three months amid uncertainty over U.S. policy toward China that has put pressure on the currency.
U.S. crude oil production fell 28,000 bpd, or 0.2%, in March to 12.716 million barrels per day, the lowest level since October.
Asian stocks were up on Monday morning with China releasing data indicating that its economy moved from contraction into expansion in May.
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