On Wednesday, we expecting USDINR likely to open in firm note between 69.54/69.62 levels.
Overnight Oil price rebound could make some pressure on domestic unit.
The US dollar recover against its major rivals before the US Federal Reserve's meeting amid expectations that the central bank may signal a rate cut.
INTRADAY RANGE - 69.32 ( 69.52 - 69.75 ) 69.95
On Tuesday , The rupee appreciated by 24 pips to close at 69.70 against the US dollar as easing crude prices and a weak dollar ahead of the US central bank's meeting helped the currency snap its three-day losing streak.
American currency by exporters and gain in other Asian currencies also supported the rupee.
At the interbank foreign exchange market, the rupee opened at 69.82 per dollar and advanced to a high of 69.63 during the day. It finally settled at 69.70, up 21 paise over its last close.
Comments