Indian Rupee Opens Higher By 12 Paise At 64.85 Per Dollar

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The Indian rupee opened higher by 12 paise at 64.85 per dollar on Monday versus 64.97 Friday.

 

According to ICICI direct, the near-month dollar-rupee April contract on the NSE was at 65.09. The April contract open interest increased 2.14% 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, it added.

 

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