Dollar-rupee futures weakened on Wednesday against US dollar. USDINR September contract moved down 6 paise or 0.1% at 60.84 as against previous close of 60.91.
ICICIdirect expects the US dollar to garner buying support on declines against the rupee. ''Utilise declines in the USD/INR September contract to buy. Buy USD/INR September futures in the range of 60.70-60.80 with target 60.96-61.08.''
While, Sushil Finance expects USDINR to trade positive as Fed may raise rates sooner and faster than expected and coal blocks cancellation could further add support.
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