Dollar-rupee futures appreciated on Thursday against US dollar. USDINR November contract went up 14 paise or 0.23 percent at 62.19 as against previous close of 62.05.
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 61.83-61.93 with target 62.12-62.30.''
Meanwhile, Swastika Investmart expects the rupee to trade on a neutral to negative note against the dollar taking cues from strength in the dollar index. However, upbeat domestic market sentiments may cap sharp gains in the dollar.
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