On Monday , USDINR set to open with firm notes.
We expect, USDINR will open between 69.37 - 69.45 levels.
Domestic unit will get support from Oil slipped below $68 per barrel as well as Dollar index corrected from 3.5 weeks highs.
Foreign Institutional investors positive on Indian market after BJP get second term with huge majority.
Trade Tension still matter of concerns.
On Memorial Day USA market closed today will hamper liquidity.
INTRADAY RANGE - 68.88 ( 69.30 - 69.63 ) 69.85
On Friday, The Indian rupee strengthened and is set for its first weekly gain in three after Prime Minister Narendra Modi's ruling coalition scored a massive election win and supported by a decline in the crude oil price.
The weaker oil prices helped currencies of major net importers of the commodity, such as India and Thailand, although moves in other parts of the region's emerging foreign exchange market were limited by concerns about the worsening Sino-US trade war.
Comments