On Tuesday , USDINR most likely start trade with weaker note.
We expect domestic pair could start against greenback between 69.57/69.65 levels.
Oil price recover mildly after sharp fall.
Dollar Index getting firm bid on US data.
Emerging market currencies on back - foot.
Government Bond's yields maintain their south momentum on raising demand for safe haven.
INTRADAY RANGE - 69.08 ( 69.30 - 69.74 ) 69.88
On Monday, The rupee gave away its morning gains and closed with a marginal rise of 2 pips at 69.51 against the US dollar amid a recovery in the greenback against Asian currencies and foreign fund flows.
The rupee was in line with uptrend in equities and foreign fund inflows. However, rising crude oil prices dampened the sentiment of traders.
At the Interbank foreign exchange, the domestic unit opened higher at 69.40 and further went to touch the day's high of 69.34.
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