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Published on 19/09/2019 11:02:16 AM | Source: ICICI Direct

The dollar-rupee September contract on the NSE was at 71.33 in the previous session - ICICI Direct

Posted in Currency Report| #Currency Tips #ICICI Direct

* The dollar-rupee September contract on the NSE was at 71.33 in the previous session. Open interest declined 6.50% in the previous session

* We expect the US$INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions

 

US$INR Strategy

 

US$INR Spot

Sell US$INR @71.53 Stoploss 71.64 Target 71.36

 

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