Indian rupee opens flat at 68.72 per dollar

Utilise downsides in USD-INR to initiate long positions, says ICICIdirect.

The Indian rupee opened flat at 68.72 per dollar on Tuesday versus 68.72 yesterday.

The dollar-rupee July contract on the NSE was at 68.86 in the previous session. July contract open interest increased 2.40 percent in the previous day, said ICICIdirect.

We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added.

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