ICICI Direct's currency report on USDINR
The rupee witnessed a further recovery and managed to gain almost 29 paise in the last session to close near 74.72 levels against the US dollar • The dollar rose from an eight-week low against major currencies on Monday, with investors consolidating positions ahead of the Federal Reserve's monetary policy meeting this week.
Currency futures on NSE
|US$INR Apr futures contract (NSE)||View: Bullish on US$INR|
|Buy US$INR in the range of 74.60-74.64||Market Lot: US$1000|
|Target: 75.00/ 75.20||Stop Loss: 74.40|
|Support: 74.60/74.40||Resistance: 75.00/75.30|