Utilise upsides in the pair to initiate short positions, says ICICIdirect.
Indian rupee is trading at day's higher level at around 71.50 per dollar on Thursday.
Rupee has extended its morning gain on ease of global trade tension and a possible rate cut by RBI in the upcoming policy after CPI Inflation eased to 2.33 percent and core CPI Inflation was at 5.73 percent in November 18.
The dollar-rupee December contract on the NSE was at 72.11 in the previous session. December contract open interest increased 4.31% in the previous session, said ICICIdirect.