USDINR opened 0.0950 pips weaker @ 71.78/79 levels against yesterday closed at 71.6850/71.6950 levels. Rupee weakness on opening tick on Global greenback strength ahead of FOMC as well as ECB ends 2.6 trillion euro Quantitative easing.
INTRADAY RANGE - 71.35 (71.50 - 71.85) 72.05
The dollar firmed against most major counterparts on Friday as investor focus shifted to an expected US interest rate hike next week, although gains are likely to be capped on greater uncertainty about next year's policy outlook.
Euro and pound came under pressure, after downbeat comments from the European Central Bank president about the outlook for the euro zone and renewed concerns about a hard Brexit.
The dollar has been the biggest winner of 2018, having gained 5.3 percent over its peers so far this year. The Fed is the only major central bank to raise rates on the back of a robust economy, accelerating inflation and steady corporate profits.
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