Inter-bank markets will remain closed today for Ambedkar Jayanti and Baishaki even as the eyes will remain glued to PMs speech at 10.00 am on relaxation of operations and the current situation in the country.USD/INR closed at 76.27 aganist its opening its 76.29. The rupee opened flat on Monday as per Thursday closing even as investors worldwide remained concerned over the extent of economic fallout by coronavirus pandemic amid rising cases of infection across the globe. During the day, the rupee is expected to move in a range of 76.1000-76.5000 per dollar. The Indian unit was at 76.2850 a dollar at 1400 IST on Thursday. Domestic financial markets were shut on Friday on account of Good Friday. Globally, more than 1.8 mln people were reportedly infected by the virus, and it has claimed over 114,000 lives so far. Investors, however, are expecting spread in the US and Europe to peak soon after New York, which has been one of the hotspots for infection in the US, reported slowing pace of rise in cases. Fewer new deaths were reported in hard-hit Italy and France. In response to this, the dollar index that measures strength of the greenback against a basket of six major currencies, fell to a low of 99.36 on Thursday. In early Asian trade, the index recovered on the back of safe-haven demand. At 0910 IST, the dollar index was at 99.51, compared with 99.48 late Friday. Over the weekend, Maharashtra Chief Minister Uddhav Thackeray announced the lockdown in the state to contain the spread of COVID-19 will continue at least till Apr 30. Traders have been taking advantage of the significant arbitrage opportunity between the onshore and offshore rates for the past few weeks, which has exerted further pressure on the Indian currency onshore. However, the Reserve Bank of India is expected to curb any volatility in the rupee through its intervention in the spot as well as the derivatives segment.