Utilise downsides in USD-INR to initiate long positions, says ICICIdirect.
The Indian rupee opened flat at 68.72 per dollar on Tuesday versus 68.72 yesterday.
The dollar-rupee July contract on the NSE was at 68.86 in the previous session. July contract open interest increased 2.40 percent in the previous day, said ICICIdirect.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added.