INR forecast: INR opens stronger at 69.65 as against yesterday’s close of 69.82. Range for the day is 68.45 to 69.75.
Today is second consecutive day when INR opened with a gap down. Technically, it is a sign of further gains in INR.
In US, there are talks of Trump not happy with US fed increasing rates and that China and EU zone are keeping their currencies weaker. As a result, USD saw sell off. For last few days, China is also setting CNY on a stronger note. With Turkey not giving any more headlines and US-China trade discussions underway, for sometime INR may not weaken and 70 may be top.