top of page
  • Writer's picturefxmethods

USDINR OPENED FIRM @ 69.59/60


  • On Tuesday , USDINR opened 8 pips stronger at 69.59/60 verses Monday finished at 69.67/68 levels.

  • Rupee weakness persist on Oil price upside momentum.

  • FII Inflow positive but subdued ahead of phase one polling on 11th April.

  • Emerging Market currencies weakness sustain on commodity and energy price upside.

  • The dollar's strength peaked out towards the end of last week, when the US jobs data showed that wage increases had slowed.

INTRADAY RANGE - 69.20 ( 69.44 - 69.83 ) 70.22


  • On Monday, The rupee declined by 39 pips to close at 69.67 against greenback amid higher dollar demand from importers and rising crude oil prices.

  • This is the third straight session of loss for the domestic unit, during which it has lost 126 pips.

  • At the Interbank Forex market, the rupee opened lower at 69.33 and fell further to touch the day's low of 69.72. It ended at 69.67 per dollar.


8 views0 comments

Comments


bottom of page