On Wednesday , Fx- methods expecting domestic unit likely to open with in range bound with positive note against greenback.
Today opening likely to be in range between 69.38/45 levels.
Overnight oil price again fall on surprising USD stock up as well as dollar index near 11 week lower levels after trump comment about EURO.
Central bank as well as yields can hurt domestic unit positive sentiment.
INTRADAY RANGE - 69.17 ( 69.32 - 69.53 ) 69.67
A net seller of the greenback in FY19, the Reserve Bank of India turned a net buyer of the US dollar in the first month of FY20, purchasing USD 4.901 billion in April on a net basis from the spot market, according to the latest data from the monetary authority.
During the reporting month, the central bank bought USD 7.724 billion and sold USD 2.823 billion in the spot market. As against this, in April 2018, it had net sold USD 2.483 billion after purchasing USD 5.536 billion and selling USD 8.019 billion.
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