#Rupee crosses 74 per #dollar; down 37 #paise

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Utilize downsides in the pair to initiate long positions, says ICICIdirect.

After a weak opening, the rupee slipped further and trading above 74 per dollar mark. It opened lower by 24 paise at 73.92 per dollar versus previous close 73.68.

Yesterday rupee closed 24 paise lower against the US dollar.

Share Market Tips

The dollar-rupee November contract on the NSE was at 73.93 in the previous session. November contract open interest increased 0.85% in the previous session, said ICICIdirect.

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

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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