Our Preference: Sell 74.96 for the target 74.4 with risk only below 75.12
India has a block of most of the Import from China which has a large number of forex deal which has been saved by the Government which will have increased in FOREX reserve and will cause the USDINR to get stronger in the coming days may be nearly 72.8 around.
Technical Point of view:
74.39 is a big support for USDINR which can bounce till 75.7 & 76.4 again. But the day when it will break it moves towards 72.8 only.