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US Dollar vs Indian Rupee (USDINR pair) Likely Strategy to make Money

The USDINR pair closed the Sep series at 72.71 registering gains of 3.12 per cent as compared to the previous expiry.

The cost of carry for the October series was 0.27 paisa which is marginally lower than the previous expiry.

The rollover has been around 58.26 percent as against 59.98 per cent in the previous expiry.

On the options front, Call writing has been seen in the 73.00 strike along with a build-up in open interest, whereas Put writing and build-up in open interest is witnessed at 72.00 strike.

The support for USDINR October futures is seen at 72.30 levels, whereas resistance is seen around 73.50 mark.

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