Indian rupee gained on the back of gains in Asian shares and a drop in oil prices but weakness in the currency's offshore market limited the rise.
Tech Outlook:
USD/INR is expected to be on a bull note and trade in the range of 42.75-42.96.With good support seen at 42.70 levels. key resistance for the currency is seen at 43.02.Chart pattern hints towards the possibility of buys in the currency but the up trend can be confirmed only with the break of 42.88 levels. currency is seen trading below the moving average giving a caution signal.
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