Rupee eased due to record high oil prices which pumped up dollar demand from crude refiners and on concerns about political uncertainty surrounding a nuclear deal could trigger more outflows from the stock market.
Tech View:
Rupee is expected to trade in the range of 42.85-43.03 With good support seen at 42.80 and key resistance for the currency is seen at 43.10 levels. currency lies well above the fast moving averages. Macd and Momentum is supporting the bull run. Widen bollingers indicates volatility in the market.
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