Indian rupee has depreciated on Thursday against US dollar. Indian currency declined 10 paise or 0.16 percent against dollar to trade at 61.50. Rupee has witnessed a high of 61.43 and a low of 61.51. Its 52-week range was 58.34-63.89.

ICICIdirect expects the US dollar to meet resilience on rallies against the rupee. Utilise pullbacks in the USD/INR February contract to sell. Sell USD/INR February futures in the range of 62.00-62.10 with target 61.83-61.62.''

Meanwhile, Swastika Investmart expects USDINR is likely to trade on the negative note on the back of strong inflows of foreign funds in to domestic markets. The partially convertible rupee ends little changed at 61.41/42 per dollar versus its previous close of 61.3950/4050, tracking the retreat in domestic shares from record highs while month-end dollar demand from importers also weighs.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.