ICICIdirect expects the US dollar to meet supply pressure at higher levels. ''Utilise upsides in the dollar to go short on the USDINR pair. March futures in the range of 67.10-67.20 with target 66.85-66.65.''

The rupee on Thursday closed at a 15 week high against the USD as foreign investors continued to buy domestic equity and debt. The US dollar index ended at same levels as investors remained cautious ahead of expectations of announcements on tax cuts on Tuesday in the US President's testimony.

Japanese Yen continued to strengthen amid safe haven buying while the UK Prime Minister's announcement on refendrum on Scottish independence earlier than expected in March weighed on the British Pound.

In the currency futures market, the most traded dollar-rupee March contract on the NSE ended at 67.07. The March contract open interest rose 25.09% from the previous day. April contract open interest rose 29.94% from the previous day.

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