Indian rupee gains 52 paise in early trade at 71.85 per dollar: what is the next?

Utilise upsides in the pair to initiate short positions, says ICICIdirect. On Friday the Indian rupee gained in the early trade. It has opened at 71.85 per dollar higher by 52 paise versus 72.37 Wednesday. In the previous session, the dollar-rupee September bond on the NSE was at 72.46. ICICI direct said, September contract open interest declined 3.93% in the previous session