On Thursday , USDINR opened at 4 pips weaker @ 71.26/27 against yesterday closed at 71.22/23 levels.
Rupee sentiment floating with INDO - PAK border tension.
Asian Currencies have maintained small ranges here during the Asian timezone.
Firming crude oil prices, month-end dollar demand from oil importers and a weak sentiment at domestic equity markets weighed on the rupee.
INTRADAY RANGE - ( 70.96 - 71.51 ) (Range violate on border tension)
On Wednesday, Interbank Foreign Exchange market, the domestic unit opened almost flat at 71.11. It then shuttled between a low of 71.4850 and a peak of 70.9350, before finally ending at 71.22/23, showing a loss of 17 pips.
On Tuesday, The domestic currency had ended 10 pips lower at 71.07 to the greenback.
The greenback had also found support on a flare-up in tensions between Pakistan and India, sending investors out of riskier markets and into safer assets.
Monthly gauges of factory activity in both China and Japan came in weaker than expected on Thursday, offering fresh evidence that the seven-month U.S.-Sino trade dispute was taking a toll on economic growth around the world.
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