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USDINR OPENED AT 71.28/29


  • USDINR opened with 6 pips gain @ 71.28/29 against Monday closed at 71.34/35 levels.

  • Dollar index slip on trade optimism, after Trump positive remarks on Trade talk.

  • Oil Price trading near 2019 highs levels.

  • FII outflow from Indian market keep rupee under pressure.

INTRADAY RANGE - 70.98 ( 71.18 - 71.45) 71.60
  • On Monday, Interbank market, the domestic unit opened weak at 71.31 and declined further to 71.52.

  • USDINR covered some lost ground and finally ended at 71.34, down by 11 pips against its previous close.

  • On Tuesday , FPI remained sellers in Indian capital markets selling shares worth Rs 813 crore.

Greenback

  • On Wednesday, The dollar sagged against its peers in the wake of falling US yields and as investors remained cautious ahead of the Federal Reserve's policy meeting minutes due later in the session.

  • The US currency has also been weighed down as safe-haven demand for the liquid dollar has ebbed on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict.

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