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The Indian rupee opened lower by 12 paise at 68.49 per dollar versus 68.37 Tuesday.
- It made intraday high at 68.66 and low at 68.39 levels.
- In addition, India's benchmark index NSE Nifty was trading 0.40% lower to 7019 level while BSE Sensex was trading 0.61% lower to 23050 levels.
- 10, 25 and 50D EMA heads upside and confirms the bullish trend.
- Key support levels are seen at 68.27, 68.00 and 67.55 levels.
- On the top side, resistance levels are falls at 68.67, 69.00 and 69.22 marks.
- Looking ahead for the day, US monetary policy meeting minutes will remain main focus for the day.
We prefer to take long position on USD/INR around 68.50, stop loss 68.12 and target 69.32 mark.
