On Friday , USDINR opened 10 pips weaker @ 70.05/06 levels.
Domestic pair tumble on USD-CHINA trade conflict as well as hard selloff in Equity market.
Brent Oil Price well above $70 per barrel is another matter of concern.
Government Bonds only supporting rupee on Yields fall.
Most of EM currency under-pressure , their central banks try to keep calm volatility.
INTRADAY RANGE - 69.66 ( 69.88 - 70.10 ) 70.32
On Thursday, At the interbank foreign exchange market, the rupee opened marginally lower at 69.85 and slipped further to breach the 70-mark, touching a low of 70.0375, before finally settling at 69.95/96, down by 24 pips over its previous close.
The uncertainty related to election outcome and US-China trade deal have been weighing on the rupee. Overseas investors have turned cautious for the domestic equity and debt market and started reducing their position ahead of the election outcome scheduled on 23rd May 2019.
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