Indian Rupee Opens 12 Paise Higher At 65.03 Per Dollar

The Indian rupee opened higher by 12 paise at 65.03 per dollar on Thursday versus previous close 65.15.

 

According to ICICIdirect, the near-month dollar-rupee April contract on the NSE was at 65.33. The April contract open interest declined 5.99% from the previous day.

 

We expect USD-INR to meet supply resistance at higher levels. Utilise upsides in the pair to go short in USD-INR. 

 

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