ICICI Securities expects the rupee to depreciate today. ``Utilise the lows in the USD/INR April contract to buy above 44.52 with a target of 44.64/44.70 and a stop loss of 44.45, `` the brokerage house notes in its report. ``In the currency futures market, the most traded near-month dollar-rupee contract on the NSE closed at 44.38 yesterday. The USD/INR April contract open interest decreased by 0.5% on the back of negative closing. The May contract witnessed addition of 7.6% in open interest. We expect the USD/INR contract to witness buying at lower levels, `` it further notes. Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

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