On Thursday, we expect USD/INR start trade with firm note again, opening range could be 69.68/75levels.
Domestic unit track global events fail to gain against greenback after BJP landslide victory for second term.
Persistent foreign fund outflows and a sell-off in domestic equities kept pressure on the local currency.
Easing crude oil prices cushioned the fall.
INTRADAY RANGE - 69.58 ( 69.70 - 70.12 ) 70.29
On Wednesday , domestic unit sliding for the second straight day, 14 pips to close at 69.83 against the US dollar as investors sought safe-haven currencies like the greenback and yen amid global growth concerns.
The rupee has now depreciated by 32 pips in two sessions.
Government bonds rose, leading to 0.28 per cent drop in the yield to 7.13%.
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