RUPEE IN NARROW TRADE.

Rupee was little changed against the U.S. dollar as banks refrained from taking big dollar positions on views that Reserve Bank of India may sell dollars through government-owned banks and restrict the local unit's movements. There is hardly any trade happening in the market. Banks are not taking positions expecting RBI to sell dollars.
TECH VIEW:
Rupee is expected to trade in a tight range of 42.90-43.02.With good support seen at 42.85 levels and key resistance is seen at 43.06levels. Currency is seen trading above the moving average. Stochastic lies in overbought area giving a caution for the currency to show downside correction in near term .