Rupee opens higher at 71.71 per dollar

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


share market tipsThe Indian rupee opened higher by 30 paise at 71.71 per dollar on Thursday versus previous close 72.01.

The dollar-rupee December contract on the NSE was at 72.11 in the previous session. December contract open interest increased 4.31% in the previous session, said ICICIdirect.

We expect the USD-INR to meet resistance at higher levels. Utilize upsides in the pair to initiate short 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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