Swastika Investmart expects the rupee to trade on a neutral to negative note against the dollar taking cues from strength in the dollar index and positive GDP data from US. However, less positive than expected PMI and housing data from US may cap sharp gains in the dollar.

''As seen on the intraday chart, USD INR is taking support near the 62.13 mark in the trend line. If it does not breach this level, then the counter is likely to head upwards where 62.60 will be a crucial resistance. On the downside, below 62.13, 62.01 mark is an important support for the counter,'' it added.

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