Utilise downsides in pair to initiate long positions, says ICICIdirect.
Moneycontrol News
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The Indian rupee is trading higher by 24 paise at 74.15 per dollar on Wednesday.
It opened at 74.15 per dollar. On Tuesday rupee ended at a fresh record low of 74.39 per US dollar.
The dollar-rupee October contract on the NSE was at 74.50 in the previous session. October contract open interest increased 2.20% in the previous session, said ICICIdirect.
We expect the USD-INR to find supports at lower levels. Utilise downsides in pair to initiate long positions, it added.First Published on Oct 10, 2018 12:10 pm