USD/INR opens higher tracking a strong dlr

The Indian rupee little changed at 69.12 pair now at 68.06 against 69.04 previous close.
Pair to tip in 69.00-69.20 range today.
Dollar/rupee opened higher Friday tracking a strong dollar following strong US economic data and a dovish European Central Bank (ECB) policy. Dollar has strengthened after some strong US data and ECB policy. Few foreign banks are on the buy-side. The greenback gained against major counterparts after a slew of strong economic data from the US and a dovish European Central Bank Policy, which kept its rates unchanged while keeping its door open for further easing as the growth outlook detoriated.

The dollar traded near a two-week high versus the yen as investors pared expectations for aggressive Federal Reserve interest rate cuts ahead of key U.S. economic data due later in the day. The euro held gains after ECB kept policy unchanged, disappointing some market participants who had bet on a possible easing. ECB President Mario Draghi also sounded more upbeat on the euro-zone economy than some investors expected curbing speculation the bank was about to enter a prolonged easing cycle.
GBP=D3 changed hands at $1.2455, on course for a 0.5% weekly loss. Cable has stabilised since Boris Johnson became Britain's new prime minister, but there is still uncertainty about Britain's negotiations to leave the European Union.

Oil prices fell on Friday after a Reuters poll showed global economic growth is likely to slow further amid the U.S.-China trade war, although losses were limited by tensions in the Middle East.
Gold prices rebounded on Friday from a sharp decline in the previous session, while investors awaited U.S. economic growth data due later in the day that could provide clues about the Federal Reserve's monetary policy meeting.

Research