ICICIdirect expects the US dollar to meet resistance on rallies against the INR. ''Utilise rallies in the USD/INR April contract to sell below 60.58-60.68 with 60.45-60.32 and a stop loss of 60.75.''

''In the currency futures market, the most traded dollar-rupee April contract on the NSE closed at 60.43. The April contract open interest was up 1.33% from the previous day. The May contract open interest was up 6.06% from the previous day.

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