Tuesday, June 17, 2008

Rupee on a thin trade.

Rupee was little changed from close as banks avoided taking major positions amid lack of clear cues from overseas markets
Tech Outlook:
Rupee is expected to trade sideways .With the trading range of 42.80-42.98.With good support seen at 42.75 levels and key resistance is seen at 43.00 levels. Currency is seen trading on the moving average. Stochastic lies in overbought area giving a caution signal.

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