Utilise down sides in the pair to initiate long positions
After a weak opening, the Indian rupee has recovered but trading lower by 18 paise at 71.16 per dollar versus Monday’s close 70.98.
The dollar-rupee March contract on the NSE was at 71.25 in the previous session. March contract open interest increased 16.50% in the previous session, said ICICIdirect.We expect the USD-INR to find supports at lower levels. Utilise down sides in the pair to initiate long positions, it added.
Get detailed equity Service provider right here at BSE & NSE. We provide Indian Stock market service like Equity Service, MCX, HNI& Currency Service | Ripples Advisory Private Limited