USDINR opened 16 pips weaker @ 69.27/28 against Friday closed at 69.11/12.
In Early trade rupee seems vulnerable versus greenback on Brent & Crude Oil hit 2019 heights levels on Iran and Venezuela concerns.
Dollar Index on North side momentum with support of Yields recovers from lows.
Emerging market currencies weak , Philippine peso is top loser in early session.
INTRADAY RANGE - 68.85 ( 69.02 - 69.42 ) 69.66
On Friday, Rupee appreciated by 16 pips to close at 69.11/12 against the greenback on persistent foreign fund inflows and heavy buying in domestic equities.
A positive trend in the global equity markets, driven by optimism surrounding the ongoing US-China trade talks, also propped up the rupee.
Comments