Utilise the downsides in the pair to initiate long positions, says ICICIdirect.
Moneycontrol News
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The Indian rupee is trading higher by 28 paise at 69.73 per dollar on Friday versus previous close 70.01.
On May 23, the domestic currency fell 35 paise against the USD to end at 70.01, which is the biggest single session fall since May 13.
However, during the intraday trade rupee touched a high of 69.37 against US dollar.
The dollar-rupee May contract on the NSE was at 70.04 in the previous session. May contract open interest declined 0.58% in the previous session, said ICICIdirect.
We expect the USD-INR to find supports at lower levels. Utilise the downsides in the pair to initiate long positions, it added.Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
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First Published on May 24, 2019 11:10 am
