USDINR trading range for the day is 68.01-68.3.
Rupee depreciated on dollar demand from oil importers and on hopes Reserve Bank of India may announce OMO purchase this week.
dollar rallied as relief over the fading risks of an outbreak in China-U.S. trade war prompted investors to cut their short positions against the greenback.
India’s industrial output growth slowed to a five-month low of 4.4 percent in March, dragged down by smaller increases in mining.
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