Ripples Advisory Morning Indian rupee opens News
Indian rupee opens higher by 14 paise at 68.70 per dollar
Utilise upsides in the pair to initiate short positions, says ICICIdirect.
The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 68.70 per dollar versus previous close 68.84.
The dollar-rupee July contract on the NSE was at 68.92 in the previous session. July contract open interest declined 1.39 per cent in the previous day, said ICICIdirect.
We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.
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