ICICIdirect expects the US dollar to garner buying support on declines against the rupee. ''Utilise declines in the USD/INR September contract to buy Buy. USD/INR September futures in the range of 60.80-60.95 with target 60.70-60.50.''

''In the currency futures market, the most traded dollar-rupee September contract on the NSE closed at 60.83. The September contract open interest was up 5.02% from the previous day.''

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