On Monday , USDINR opened 41 pips weaker at 69.75/76.
In early 20 minutes rupee sharply depreciated up to 69.88/89.
Suddenly Oil Price 2.50% up move on USA sanction waiver on IRAN keep USDINR under pressure on Easter Monday.
Currency in circulation in the system amounted to Rs 21.75 lakh crore as of April 12, up Rs 37,830 crore since March 31, compared to a contraction in currency growth of Rs 4,883 crore in the last three weeks of March since the dates of polling for the ongoing general election were announced on March 10.
INTRADAY RANGE - 69.35 ( 69.55 - 69.95 ) 70.10
On Thursday, Indian rupee staged a strong comeback by regaining 29 pips to 69.34/35 against the US dollar after three sessions of losses amid sustained foreign fund inflows.
On a weekly basis, the domestic currency saw a 18 pips decline.
At the Interbank Foreign Exchange (forex) market, the domestic unit opened at 69.46/47. The local unit moved in a range of 69.6175 to 69.33 before finally ending at 69.34/35, a rise of 29 pips.
The dollar has found support in recent weeks on the back of a gradual rise in US 10-year Treasury yields and signs of strength in the world's top economy, including better-than-expected retail sales in March, following a weak start to the year.
Japan will have an unprecedented 10-day holiday from late April to early May to mark the ascension of the new emperor, Crown Prince Naruhito.
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