Indian Rupee was marginally higher as banks sold dollars noting its weakness overseas. The dollar has lost against the Euro and the pound sterling before their central bank meetings. The rupee's rise is likely to be limited on dollar demand from importers and oil companies.
TECH VIEW
Rupee is expected to trade in the range of 39.90-40.05.Currency is expected to give a downward correction for the day. Good support is seen at 39.85 break of which would see 39.80 and key resistance for the currency is at 40.10 levels .Stochastic and Relative Market strength index are giving a indication for the currency to have a downward correction for the day.
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