Corrigendum: A previous version of this story had erroneously mentioned rupee's opening value at 98.10 per dollar, instead of 68.10 per dollar. The error is deeply regretted.
The Indian rupee opened higher by 28 paise at 68.10 per dollar on Wednesday versus previous close 68.38.
Near-month dollar-rupee June contract on the NSE was at 68.40 in the previous session. June contract open interest increased 7.27% 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.
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