Indian Share Market Tips|Indian rupee opens lower at 68.91 per dollar
Utilise upsides in the USD-INR to initiate short positions, says ICICIdirect.
The Indian rupee opened marginally lower at 68.91 per dollar on Tuesday versus previous close 68.88.
The dollar-rupee August contract on the NSE was at 69.04 in the previous session. August contract open interest increased almost 6.09% 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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