USDINR : OUTLOOK

Indian rupee is trading higher in early trade on Friday against the US dollar. Rupee opened higher by 15-20 paise against US dollar at Rs 65.85 compared to previous close of 66.INR to appreciate further over continued positivity in the market and positive outlook for Indian bond sales. ''Spot USDINR is likely to open gap down today and remain weak. Till price manages to trade below 66.80 our bias remains weak up to 65.00 levels. USDINR storng Resistance at 66.80 and strong support at 65.20 levels. Break and close below this levels more panic in coming days.