USD/INR up after opening flat on strong dlr

The Indian rupee little changed at 69.80 pair now at 69.86 against 69.79 previous close.
Pair to tip in 69.70 -70.00 range today.
Dollar/rupee traded higher after opening little changed Monday tracking a strong greenback and steady crude oil prices. Oil is steady and dollar is up after a strong US retail sales data release last week. The greenback turned strong remained steady against its major counterparts as an upbeat US retail sales data tempered some of the fears about a sharp downturn in the world's largest economy. Crude oil prices gained as Saudi Arabia expressed hope that OPEC and its allies will agree to extend production cuts into the second half at a meeting that will probably take place early next month.

The dollar hovered near a two-week high early on Monday, as strong U.S. retail sales data tempered some of the fears about a sharp downturn in the world's largest economy. That provided some relief to the dollar ahead of the Federal Reserve's policy meeting this week. While few expect the Fed to cut rates at Wednesday's policy review, traders are wagering that policy makers will do just that in coming months. dollar index versus a basket of six major currencies was little changed at 97.509 after rising to 97.583 on Friday.
The euro was little changed at $1.1216 EUR= after shedding about 0.6% on Friday, when it fell to an eight-day trough of $1.1203.

Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.
Gold prices on Monday edged away from a 14-month peak hit in the previous session, with the dollar gaining after encouraging U.S. retail sales data tempered fears about a sharp downturn in the world's largest economy.

Research