USDINR opened 4 pips weaker @ 69.74/75 against yesterday closed at 69.70/71 levels.
INDIAN firm Inflation data boost optimism on Rate Cut in April Policy.
Early trade in Asia keep Brent Oil subdued.
USDINR on daily basis entered in oversold trajectory.
FII inflow is main and only source of rupee appreciation.
INTRADAY RANGE - 69.28 ( 69.45 - 69.82 ) 70.09
On Tuesday , Interbank market the rupee opened at 69.75/76 and rise 0.25 pips to 69.50 on strong gains in equity markets.
Later, it trimmed some of the gains to end up by 18 pips or 0.26% at 69.70/71, the highest closing level since January 1.
The rupee had gained 25 paise Monday. FPIs put in Rs 2,477Cr on a net basis in capital markets Tuesday.
The dollar was on the back foot after data on Tuesday showed U.S. consumer prices rose at a slower-than-expected pace, nudging Treasury yields to two-month lows.
The EU's 28 government leaders will decide at a March 21-22 summit whether to extend the negotiating period beyond the current exit date on March 29.
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