RUPEE is seen Down more as oil companies are expected to step in to buy dollars around 42.51 per $1 levels. Fall in local shares dents sentiment for rupee further.
technical view 31.07.08
USD/INR expected to trade mixed. With the trading range expected between 42.40-42.65.Good support is seen at 42.30 levels and key resistance for the currency is seen at 42.70 levels. Stochastic is seen trending up supporting the movement of currency to touch the resistance levels.
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