RUPEE OPENED AT 71.14/15

USDINR opened 31 pips firm at 71.14/15 against Tuesday Closed at 71.46/47. Rupee getting support from Global Oil Price fall as well as Bond Yields stable. On Greenback front was broadly lower in Asian trade on Thursday as demand for safe haven currencies declined after a rebound in global equities and the euro strengthened on hopes for a resolution of Italy's budget dispute. The dollar had been actively bid over the last two trading sessions as risk appetite receded on fears over a global growth slowdown and U.S.-Sino trade conflict.

Analysts believe the medium-term direction of the dollar will be decided by the monetary tightening path of the Federal Reserve.

INTRADAY RANGE - 70.82 (71.00 - 71.28) 71.40

USDINR DAILY

GLOBAL MARKET SENTIMENT​

1. Singapore Q3 economic growth comes in slower than expected

2. Europe - minutes from the ECB October meeting

3. PBOC sets USD/ CNY mid-point today at 6.9391 (vs. yesterday at 6.9449)

4. Both the US and China have conciliatory moves ahead of the Trump - Xi meeting

5. US 10-year Treasury Yield Technical Analysis: Double top bearish reversal confirmed

6. USD/JPY stuck in range around 113 amid Thanksgiving thin trading

7. NZD/USD drifting towards the downside in thin Thursday markets

FOREX MAJOR