On Thursday , USDINR opened 17 pips weaker @ 69.88/89.
Rupee weakness directly correlated with FII outflow on USA-CHINA conflict.
Oil price low but its now from supply side , that's effect from demand side.
Nifty as well as BSE sensex dramatically sell off from last 3 days make impact on domestic unit.
From Govt Bonds prospective, yields fall on safe haven demand for fixed income.
INTRADAY RANGE - 69.35 ( 69.62 - 69.90 ) 70.15
On Wednesday, The rupee opened sharply lower at 69.54/55 as the US-China trade related concerns weighed on investor community. The local currency moved in a range of 69.47 to 69.74 before closing at 69.71, down 27 pips.
The rupee has weakened by 49 pips or 0.71 per cent since Monday after the US's threat to increase tariffs on USD 200 billion of Chinese imports triggered a global selloff in riskier assets.
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