Dollar-rupee futures appreciated on Tuesday against US dollar. USDINR November contract went up 6 paise or 0.1 percent at 62.01 as against previous close of 61.94.
Swastika Investmart expects the rupee to trade on neutral to negative note against the dollar taking cues from strength in the dollar index. However, upbeat world market sentiments may cap sharp gains in the dollar.
On the other hand, ICICIdirect expects the US dollar to garner buying support on declines against the rupee. ''Utilize declines in the USD/INR November contract to buy. Buy USD/INR November futures in the range of 61.70-61.80 with target 61.98-61.80.'''
Meanwhile, Sushil Finance expects USDINR to trade negative on the back of strong selling of US dollars by RBI.
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