Rupee recovered early losses cn dollar sales by some banks. Lower rupee levels as they think the buying was overly done However, dollar demand from oil companies and other importers continued keeping a check on the rupee's rise. The dollar gained against its major counterparts.
Rupee is expected to trade with the range of 41.45-41.75 levels. With good support seen at 41.38 levels .Key resistance is seen at 41.85 for the day. Currency is giving correction downside after testing the upper Bollingers but an element of caution is required as it is still above the fast moving averages.
Rupee is expected to trade with the range of 41.45-41.75 levels. With good support seen at 41.38 levels .Key resistance is seen at 41.85 for the day. Currency is giving correction downside after testing the upper Bollingers but an element of caution is required as it is still above the fast moving averages.
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