Rupee Eased tracking shares

The Indian rupee eased as falls in Asian stock markets sparked worries that foreigners would sell stocks and repatriate the funds . Dollar-buying by state-run banks for oil firms also added to its weakness. Rupee is expected to trade in the range of 39.90-40.10.Currency is expected to trade on upper side for the day. Good support is seen at 39.85 and key resistance for the currency is at 40.15.Stochastic and Relative Market strength index are giving a indication for the currency to be on a uptrend for the day