On Freaky Friday , we expect USDINR will open firm range between 69.75/82 levels.
Domestic unit could get early morning gain on Oil price tumble 1.5% over night on global slowdown fear.
In next part of the day , trade tension can cap the gain of domestic unit against greenback.
The Mexican peso sank to three-month lows against the dollar early trade on Friday after Washington unexpectedly said it will slap tariffs on all goods coming from its southern neighbor.
INTRADAY RANGE - 69.58 ( 69.70 - 69.95 ) 70.16
On Thursday, Rupee fell marginally by 4 pips to close at 69.87 against the US currency, extending its decline for a third straight day, due to a stronger greenback and investors awaiting the allocation of key portfolios in the newly elected government.
Foreign fund inflows, strong gains in equities and easing crude oil prices, however, helped the local currency contain losses.
At the Interbank , the domestic currency opened at 69.70/71 a dollar and fell further to touch the day's low of 69.9375. It finally settled at 69.87 per dollar.
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