On Thursday, USDINR opened 13 pips firm at 69.46/47 levels.
Subdued Dollar index help domestic unit firm opening.
Surprising oil slip from upper levels after Inventory fall.
FII inflow constantly positive on ongoing general election help Indian share market.
EM ASIA FX-Indonesian rupiah leads gains; others subdued.
INTRADAY RANGE - 69.18 ( 69.40 - 69.68 ) 69.88
On Tuesday, The Indian rupee lost another 23 pips to close at 69.59/60 against the US dollar, marking its third straight session of decline owing to sustained demand for the greenback from importers and rising global crude oil prices.
The local currency has depreciated by 68 pips in the last three days.
Besides, strong dollar against its rival currencies built additional pressure on the rupee.
USD/IDR has hit the lowest since Feb. 28 in Asia
USD/IDR is currently trading at 14,014, representing a 0.39 percent drop on the day, having printed a low of 14,000 earlier today, its lowest level since February 28.
The Indonesian Rupiah is likely cheering the exit polls, which show the incumbent Joko Widodo in on course for the second term. "Quick counts" conducted by a variety of credible polling agencies put Jokowi on around 55% of the vote, with Prabowo winning around 44%, according to CNN.
Widodo is widely seen as a progressive leader, given the Indonesian economy logged a solid 5 percent growth rate during his first term in office.
More importantly, his rival, the former army general Prabowo Subianto, lacks experience in governing. His loss, therefore, has eliminated uncertainty, pushing the IDR higher.
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