Fundamental Analysis: Rupee : The rupee rose on Thursday tracking a broadly weaker dollar against majors ,but lower regional peers and mildly higher Asian shares pro mpted banks to await the share market open for further direction Bullish Dollar Index: The US Dollar Index is consolidating above support at 75; breakout would signal a decline to 74 *. Momentum holding below zero indicates a strong down-trend (this is a new mo mentum indicator that will be released with the next beta version); the recent rise merely indicates consolidation. In the long term, the dollar is expected to test the 2008 low of 71. Recovery ab ove 76.50 is unlikely, but would warn that the down-trend is ending. The weakening dollar continues to fuel rising crude oil and precious metal prices. Its supports seem near 75-75.20 (Dollar Index – 74.77) neutral to bearish