Dollar-rupee futures weakened on Friday against US dollar. USDINR September contract moved down 8 paise or 0.13 percent at 60.89 as against previous close of 60.97. The most active September contract recorded a high of 60.94 and a low of 60.815 after opening at 60.90.
Sushil Finance expects USDINR to trade on the positive note on the back of strengthening US economy and hint of earlier than expected interest rate hike by the Fed.
''September USDINR prices are expected to have intraday resistance at 61.10 and prices can remain under pressure. On lower side prices if sustain below 60.85 then only fresh selling can be seen. Prices should not move above 61.30 to remain weak for the day,'' said Emkay Global Financial Services.
ICIdirect expects the US dollar to garner buying support on declines against the rupee.'' Utilize declines in the USD/INR September contract to buy. Buy USD/INR September futures in the range of 60.73-60.83 with target 61.00-61.20.''
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