On Thursday, USDINR opened 7 pips firm @ 70.27/28 levels.
Domestics unit is in nervous mode ahead of general election 2019.
10 Year Government bonds yields fall capping domestic unit weakness.
Foreign institutional investors remained net sellers in the capital markets, pulling out Rs 1142 crore on a net basis Wednesday , provisional exchange data showed.
INTRADAY RANGE - 69.96 (70.18 - 70.40)70.63
On Wednesday , The rupee opened strong at 70.34/35 at the interbank forex market then gained further ground and touched 70.17 amid a positive opening in domestic equities. The rupee appreciated by 23 pips against the US dollar driven by easing crude prices, higher opening in domestic equities and on US-China trade talk hopes.
Foreign fund outflows weighed on the domestic currency and restricted the up-move.
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