On Tuesday , USDINR opened flat at 68.53/54 against Monday finished at 68.54/54 level.
USDINR hovering around near August 2018 levels, sharp recovery all thanks to our foreign investors.
Expectation on Dovish from FOMC that keep dollar index vulnerable.
Indian Economic data also supportive.
INTRADAY RANGE - 68.22 ( 68.40 - 68.65 ) 68.95
On Monday, The Indian rupee surged by 57 pips to close at an over seven-month high of 68.53 against the greenback, also marking a sixth straight session of gains, driven by sustained foreign fund inflows and narrowing trade deficit.
Inter bank market, USDINR opened at 68.91/92 and advanced to a high of 68.45 during the day. It finally settled at 68.54/55, a rise of 57 pips against the dollar over its previous close.
Many investors expect the Fed, which has raised rates four times last year, to keep its benchmark overnight interest rate unchanged and stick to its pledge of a "patient" approach to monetary policy.
The Bank of England is expected to leave its interest rate outlook unchanged at a policy meeting on Thursday due to the deep uncertainty over Britain's decision to leave the European Union.
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