On Tuesday, USDINR opened 6 pips weaker @ 69.49/50 levels.
Second consecutive gap up opening showing buyers are on front seat.
Forex traders turned cautious in a holiday-truncated week.
Forex and equity markets will remain shut on Wednesday on account of "Mahavir Jayanti" while most of the major financial markets are closed on Friday for the start of the Easter holidays.
INTRADAY RANGE - 69.03 ( 69.21 - 69.65 ) 69.85
On Monday, The rupee Intraday declined by 40 pips to close at 69.42 against the US dollar.
Interbank Foreign Exchange, the domestic unit opened at 69.07 a dollar and fell further to touch the day's low of 69.46. It finally settled at 69.43 per dollar, down 25 pips over its previous close.
Easing crude oil prices in the overseas market, sustained foreign fund inflows and heavy buying in the domestic equity market restricted the fall in the local unit.
RBA Minutes
The Australian dollar fell on Tuesday in Asia after the release of the minutes of the Reserve Bank of Australia April meeting.
The RBA expects inflation to remain muted for some time, but suggested that it remains open to rates cut if inflation remains low and the jobless rate ticks higher.
The central bank then noted that the slowdown in GDP growth contradicts the improvement in the labour market.
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