USD/INR opens flat tracking steady dlr, crude oil prices, lack of fresh triggers

The Indian rupee little changed at 69.51 pair now at 69.56 against 69.51 previous close.
Pair to tip in 69.40 -69.70 range today.
Dollar/rupee opened little changed Friday tracking steady dollar and crude oil prices amid lack of any significant triggers to move the market. Both crude and US dollar is steady and there is no fresh cues to guide the market. Investors now await key events slated for later this month including the Fed's June policy review and the G20 meeting in Osaka on June 28-29. Also, Investors keep an eye on any updates from the ongoing global trade tensions, and on the domestic front, the full year Budget by the newly sworn-in Modi government scheduled for July 5.

The dollar held steady early in Asia on Friday, and was set ot show a weekly rise as investor focus turned to next week's Federal Reserve meeting for cues on a possible interest rate cut in light of rising risks to trade and global growth. FOMC two-day policy meeting is set to begin on Tuesday. With trade tensions rising, U.S. growth slowing and hiring in May declining, markets have priced in at least two rate cuts by the end of 2019. People are expecting dovish comments from the Fed.
The euro EUR= edged up 0.02% to $1.1279, holding up after falling during the past two sessions, though it was still set for a weekly loss of about 0.5%.

Oil rose for a second day on Friday, extending sharp gains following attacks on two oil tankers in the Gulf of Oman that stoked concerns of reduced crude flows through one of the world's key shipping routes.
Gold prices rose to their highest in a week on Friday, supported as weak U.S. economic data stoked expectations the Federal Reserve would cut interest rates.

Research