The Indian rupee strengthened against the greenback on Monday, aided by the pullback in the dollar index and U.S. yields amid an improved risk sentiment.
- The local currency appreciated 17 paise to open at 81.80 against the greenback. It close at 81.97 on Friday, the strongest in a month since Feb. 3.
- At 9:52 a.m., rupee was trading at 81.82 against the U.S. dollar.
- “Supports for the USD-INR spot pair are at 81.65 and 81.35, resistances are at 82.25 and 82.55,”.
- “We suggest fresh selling in the pair around 82.20-82.35 with a stop loss of 82.66 for the target of 81.95-81.80,” said Pia Chauhan, vice president of commodities at Neil Bhai Reports.
