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Buy USDINR; target of 71.55 - 71.65: ICICI Direct


ICICI Direct expects USDINR to find supports at lower levels. Utilise downsides in the pair to initiate long positions.

ICICI Direct's currency report on USDINR

Spot Currency

The rupee closed slightly higher v/s US$, although it pared most of its opening gains by the end of the session. It is likely to open slightly changed while losses in CNY and strength is US$ is likely to exert pressure on Rupee • The US dollar extended further gains with dollar index ending the session higher above 98.0 levels. Weakness in Euro and profit booking in JPY supported gains in ...


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