On Friday, USDINR opened at 71.24/25 against Thursday Closing at 71.25/26 levels.
Rupee start at par levels on mix impact on greenback back foot as well as Asian Market fall.
Oil price correction keep USDINR in range, But on hourly chart Oil could bounce back.
IND 10 yr Yields trading up by 0.27% at 7.5640.
MPC were in favour of spurring growth in Asia’s third largest economy amid a soft inflation outlook on a sustained fall in food prices, the minutes of the February monetary policy meeting showed.
DAILY TREND - BEARISH TILL HOLD 71.42 LEVEL
INTRADAY RANGE - 70.75 ( 70.95 - 71.28 ) 71.52
On Thursday, The rupee skidded by 11 pips to close at 71.25/26 against the greenback as rising oil prices and a strengthening greenback weighed on the market sentiment.
At the Interbank market, the domestic unit opened strong at 71.0750/0850 and rose to 70.9150/9250. However, it could not hold on to the gains and fell to a low of 71.2725/2825 before finally ending at 71.25/26.
The rupee had closed at 71.11 against the US dollar Wednesday.
FIIs who had been heavy sellers over the past few sessions, net bought equities worth Rs 55 crore Thursday while domestic institutional investors bought shares to the tune of Rs 202 crore, provisional data showed.
Transport and water resources minister Nitin Gadkari reiterated on Thursday the country's plan to restrict the flow of water to Pakistan from its share of rivers, the latest effort by New Delhi to pressure its neighbour after a militant attack in Kashmir.
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