Utilise upsides in the pair to initiate short positions, says ICICIdirect.
The Indian rupee opened higher by 17 at 69.65 per dollar on Tuesday versus previous close 69.82.
The dollar-rupee August contract on the NSE was at 69.86 in the previous session. August contract open interest declined 7.19% in the previous session, said ICICIdirect.
We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added
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