''As seen on the daily chart, USDINR has successfully breached the resistance at 61.88 mark and closed above that. The next immediate resistance for the counter is at 62.11 above which it will head towards the 62.28 mark. On the downside, 61.88 will act as an immediate support,'' said Swastika Investmart in its report.

''We expect 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,'' it added.

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