On Tuesday , USDINR opened 18 pips firm @ 69.83/84.
In early trade rupee get sharp favorable move up to 69.71/72.
Rupee appreciation on dollar fall from 2019 highs as well as Oil price sharp correction on Trump comment.
Day to Day development in Indian general election 2019 may cap rupee gain against greenback.
INTRADAY RANGE - 69.53 (69.75 - 70.04) 70.30
On Friday , The rupee rebounded by 26 pips to close at 70.01/02 against the US dollar after Brent crude oil prices receded from a six-month high of USD 75.60/barrel.
At the interbank market, the domestic unit opened at 70.13/14 and advanced to a high of 69.97 during the day. It finally settled at 70.01/02, registering a rise of 23 pips against the dollar over its previous close.
THE AUSSIE
The Australian dollarNSE 1.16 % led risk assets lower in Asia on Tuesday after a survey on Chinese manufacturing missed forecasts in a blow to hopes for a rebound in global growth.
China's official purchasing management index (PMI) dipped to 50.1 April, when speculators had wagered on a steady outcome of 50.5 or even an improvement. A measure of services also disappointed with a pullback to 54.3.
The Aussie is often used as a liquid proxy for China plays given Australia is a major exporter of resources to the Asian giant. The currency quickly eased to $0.7040 after the PMI release, from $0.7064.
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