The Indian rupee slipped in the early trade on Tuesday. It opened lower by 28 paise at 71.26 per dollar versus previous close 70.98.
The dollar-rupee March contract on the NSE was at 71.25 in the previous session. March contract open interest increased 16.50% in the previous session, said ICICIdirect.
We expect the USD-INR to find supports at lower levels. Utilise down sides in the pair to initiate long positions, it added.
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