Rupee strengthened on expectation on profit sales by foreign banks on behalf of exporters and dollar demand from oil companies restricted sharp rise.
tech view for the day.
Rupee is expected to be on a range bound movement for the day. With the trading range of 40.30-40.45 levels. With good support seen at 40.10 and key resistance is seen at 40.50 levels. The currency is expected to be on a tight range But the prices are still above the fast moving averages .
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