Rupee opens lower at 69.06 per dollar

Utilise downsides in the pair to initiate long positions…

The Indian rupee slipped in the early trade on Monday. It has opened lower by 11 paise at 69.06 per dollar on Monday versus Friday’s close 68.95.

The dollar-rupee March contract on the NSE was at 69.01 in the previous session. March contract open interest declined 4.20% in the previous session, 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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