The Indian rupee opened lower by 10 paise at 71.78 per dollar on Friday versus previous close 71.68.
The dollar-rupee December contract on the NSE was at 71.80 in the previous session. December contract open interest increased 0.20% in the previous session.
We expect the USD-INR to meet resistance at higher levels. Utilise upsides in the pair to initiate short positions, it added.
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