On Thursday, we expect USDINR likely open with vulnerable note ahead of RBI monetary policy outcome. Rupee looks open between 69.38/45 levels against greenback.
IMF lower global growth hurt rupee sentiment despite oil trading lower.
Emerging market currency weak on dollar come back from lower.
India 10 year yields hovering around on lower level, last trading at 7.02%
INTRADAY RANGE - 69.85 ( 69.16 - 69.47 ) 69.78
On Tuesday , Rupee settled unchanged at 69.26 against the US dollar in a lackluster trade as participants preferred to sit on the fence ahead of the RBI policy outcome on Thursday.
At the interbank foreign exchange, the domestic unit opened strong at 69.14/15 and went on to touch the day's high of 69.02/03 to the US dollar. The local currency, however, failed to sustain the gain and slipped to a low of 69.34 in intra-day deals.
The domestic currency finally closed at 69.26 against the US dollar, unchanged from its last closing.
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