• USD/INR is currently trading around 66.90 marks.
   
• It made intraday high at 67.21 and low at 66.89 marks.
   
• Intraday bias remains bearish till the time pair holds immediate resistance at 67.22 marks.
   
• Key resistances are seen at 67.22, 67.32, 67.52, 67.71, 67.84, 67.95, 68.02, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
   
• On the other side, initial supports are seen at 66.88, 66.75, 66.42(May 01, 2016 low), 66.32 (November 2015 low), 66.23, 66.10, 65.95 and 65.81 marks respectively.
   
• In addition, India’s BSE Sensex was trading 0.13% lower at 27,780.41 and NSE Nifty was down by 0.14% to 8,507.25 points.
   
• India is going to release WPI inflation as well as WPI manufacturing inflation data at 0600 GMT.
  
  We prefer to take short position in USD/INR below 66.87, stop loss at 67.22 and target of 66.64/ 66.42 marks.