INR opens 69.60 as against Fri close of 69.55 and may trade in range of 69.45 to 69.75. Broadly macro environment continue to be stable and usual concerns linger on. Debt market continues to see good amount of inflows and this month to this date has received about USD 1.4 bn.
Over weekend, RBI deputy gov, Viral Acharya quit six months before his term. The move is imp but may not have any impact on markets. The focus is now on G20 meeting over weekend and any US China truce. Oil is still high but came off from high of 65.5
Suggest to hedge any long term exports around 69.70+ levels and wait for imports to be hedged.