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Daily Rupee call: Go long above 74.5


BL Research Bureau

The rupee (INR) has opened with a gain today against the dollar (USD), at 74.48 versus its previous close of 75.15. The local currency has gained above the important level of 75, but 74.5 can act as a hurdle. Above that level, 74.35 is a potential resistance. On the downside, 75.3 is the support below 75.

Yesterday, the rupee gained about 1.25 per cent, closing the session at 75.15 versus its previous close of 76.1 against the greenback. For the calendar year, the rupee has dropped by 4.6 ...


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