Rupee was seen marginally higher taking cues from weaker oil prices and firm stock prices. Inflation data raising to 13 year high of 11.05%.
Tech view:
Rupee is expected to trade trade in a tight range of 42.88-43.00.With good support seen at 42.83 levels and key resistance is seen at 43.042 levels. Currency is seen trading above the moving average. Stochastic lies in overbought area giving a caution Tightened Bollingers indicates the currency to have a tight trading range for the day.
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