The rupee is set to gain , thanks to oil hovering around $130 a barrel and higher Asian Stock markets, which could underpin local stocks and revive inflows.
Tech Outlook:
USD/INR is expected to be on a tight range.With the trading range between 42.62-42.88.with good support seen at 42.58 levels and key Resistance is seen at 42.92 levels. Chart pattern signals a bull pattern but caution is required as it is trading below the moving average.
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