INR opens 71.64 as against yest close of 71.75. Range for the day is 71.50 to 72.00.
There has been half hearted attempt by RBI to cool the market. In last few days, it’s only INR which has weakened more than others.
Today is important 2+2 meeting between India and US.
In other important news, one of the US fed gov said that soon raising interracial rates too often from here could hurt economy. First glimpse of Fed toeing Trump. If more voices are heard in similar tone, USD may see some reversal in strength.
Tom is important US jobs data and any development on tariffs on USD 200 bn Chinese import to US.