The rupee climbed , as oil backed further away from record highs easing concerns of a widening trade deficit.
Tech Outlook:
USD/INR is expected to give a downward correction for the day. With the trading range expected between 42.60-42.97.With good support seen at 42.58 levels and key resistance for the currency is seen at 43.05 levels. Currency is trading on the Lower Bollinger's but is seen trending up and is expected to test the moving average levels of 42.965.
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