''As seen on the daily chart, USD INR has bounced back sharply from the lower trend line support. It is likely that the counter will head further upwards where 62.11 is an immediate resistance. On the downside, 61.55 continues to remain a key support,'' said Swastika Investmart.

''We expect 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,'' it added.

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