Dollar-rupee futures appreciated on Tuesday against US dollar. USDINR September contract went up 6 paise or 0.1 percent at 60.96 as against previous close of 60.90. The most active September contract recorded a high of 61.0375 and a low of 60.95 after opening at 61.

''USDINR is likely to trade on the positive note on the back of strengthening US economy and hint of earlier than expected interest rate hike by the Fed,'' said Sushil Finance.

Whereas, Emkay Global Financial Services opined, ''September USDINR prices are expected to have intraday support at 61 and buying can be seen there. On higher side prices can test 61.20. Prices should not fall below 60.87 to maintain the positive outlook for the day,'' said

''We expect the rupee to trade on a neutral to positive note against the dollar taking cues from poor housing sales data from US. However, weakness in the global markets may cap sharp gains in the rupee,'' said Swastika Investmart.

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 60.83-60.93 with target 61.08-61.28.''

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