On Friday , it seems domestic unit will start with positive note against greenback, opening could be between 69.03/10 levels.
we are expecting that Rupee is near bottoming out against greenback for shorter term.
India's monsoon rains were below average for the fourth straight week, with rainfall scanty over central and western parts of the country in the week ended on Wednesday, raising concerns about major crop production and the impact on the nation's economy.
All eyes on G-20 meeting starts today , specially on CHINA - USA talk on Saturday.
INTRADAY RANGE - 68.75 ( 68.93 -69.20 ) 69.47
On Thursday , USDINR opened at 69.25/26 levels.
Intraday it hit at 69.0575/0675 levels on heavy inflow thru corporate bond buying.
USDINR showing some strength in south east Asian region despite oil maintain there upside momentum.
The Reserve Bank of India (RBI) on Wednesday issued Rupee Interest Rate Derivatives (Reserve Bank) Directions consolidating and simplifying all previous regulations with a view to protect small and retail participants.
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