We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.
Moneycontrol News
The Indian rupee opened marginally higher by 6 paise at 68.28 per dollar on Friday versus 68.34 yesterday.
The near-month dollar-rupee May contract on the NSE was at 68.36 in the previous session. The May contract open interest increased 1.85% in the previous day.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.