ICICIdirect expects the USD to meet supply pressure at higher levels. ''Utilise upsides in the pair to go short on the USDINR pair. April futures in the range of 65.23-65.33 with target 65.10-65.00.''

The rupee rose to a more-than-17-month high against the USD, helped by strong fund inflows amid Exporters scramble to cover the receivables. The USD posted gains for the day against major currencies supported by recent Fed comments and upbeat US consumer data.

The British pound continued to slide as the UK Prime Minister triggered Article 50 setting the stage for official negotiations with the EU. This dragged the euro also as uncertainty over trade agreements weighed on the euro-USD pair.

In the currency futures market, the most traded dollar-rupee April contract on the NSE ended at 65.12. The April contract open interest rose 29.84% from the previous day. May contract open interest rose 16.82% from the previous day.

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