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.