Dollar-rupee futures weakened on Tuesday against US dollar. USDINR October contract went down 16 paise or 0.26 percent at 61.30 as against previous close of 61.46. The most active October contract witnessed a high of 61.3675 and a low of 61.2925 after opening at 61.33.
Sushil Finance expects USDINR is likely to trade on the positive note on the back of global worries and widening trade deficit.
ICICIdirect expects the US dollar to garner buying support on declines against the rupee. ''Utilize declines in the USD/INR October contract to buy. Buy USD/INR October futures in the range of 61.10-61.20 with target 61.35-61.55.
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