Indian rupee opens higher at 68.70 per dollar

Utilise upsides in the pair to initiate short positions, says ICICIdirect.

The Indian rupee opened higher by 9 paise at 68.70 per dollar on Friday against previous close 68.79.


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Dollar-rupee July contract on the NSE was at 69.01 in the previous session. July contract open interest increased 16.56% in the previous day, said ICICIdirect.

We expect USD-INR to meet resistance at higher levels. Utilise upsides in the pair to initiate short positions, it added.

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Riyanshi

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