USDINR OPENED AT 70.89/90

USDINR Tuesday opened at 70.89/90 against yesterday closing was 70.8750/8850. We have witness that lower levels USDINR getting Support. These support came from central bank for maintain competitiveness in Export Front. US dollar on Tuesday, tracking losses in Asian currencies after US President Donald Trump said he was ready to expand the trade war with China.

The 10-year government bond yield stood at 7.747% from its previous close of 7.727%. Bond yields and prices move in opposite directions. So far this year, the rupee has declined 9.66%, while foreign investors have sold $5.48 billion and $7.44 billion in the equity and debt markets, respectively.

INTRADAY RANGE - (70.55 - 71.15) 71.35

USDINR DAILY