• USD/INR is currently trading around 66.95 marks.
   
• It made intraday high at 67.01 and low at 66.94 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 67.07 marks.
   
• Key resistances are seen at 67.07, 67.20, 67.31, 67.45, 67.66, 67.87, 67.99, 68.15, 68.32, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
   
• On the other side, initial supports are seen at 66.85, 66.75, 66.64, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
   
• In addition, India’s NSE Nifty was trading around 0.22 percent lower at 8,785.70 points and BSE Sensex was trading at 0.15 percent lower at 28,310 points.
   
• India will release WPI inflation data at 0630 GMT.
   
• Yesterday India released CPI data with negative numbers at 3.17 pct vs 3.41 pct previous release.
  
  We prefer to take short position on USD/INR around 66.98, stop loss at 67.07 and target of 66.85/66.75/66.64.