Indian rupee opens flat at 67.98 per dollar

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Buy USDINR in the range of 67.90-67.96, says ICICIdirect.

The Indian rupee opened flat at 67.98 per dollar on Tuesday versus previous close 67.99.

Near-month dollar-rupee June contract on the NSE was at 68.06 in the previous session. June contract open interest increased 7.61% in the previous day.

We expect the USDINR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.Buy USDINR in the range of 67.90-67.96, it added.

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