Rupee opens 62 paise lower against dollar

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In the previous session, the rupee ended 10 paise lower at 72.42 per dollar even as buying was seen in the equity market. The Indian rupee opened with a sharp loss of 62 paise at 73.04 a dollar on February 26, as the rising US treasury yields boosted the greenback.

The Indian currency is now back over 73 per dollar mark, its lowest level this month so far.

ICICI Direct said the USD-INR March futures closed at 72.75 levels. However, considering the significant Call base at 73, the brokerage firm does not expect a major up-move from current levels with upsides remaining shorting opportunities.

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