The Indian rupee opened marginally lower at 69.74 per dollar on Wednesday against previous close 69.70.

The dollar-rupee March contract on the NSE was at 69.83 in the previous session. March contract open interest declined 2.12% in the previous session, said ICICIdirect in its report.

We expect the USD-INR to find supports at higher levels. Utilise downsides in the pair to initiate long positions, it added.

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