The Rupee strengthened after the central bank aggressively raised a key interest rate, prompting exporters to sell dollars on expectations for a stronger currency.
tech outlook
Rupee is expected to trade mixed in the range of 43.20-43.45.With good support seen at 43.12 breach of it will see currency resting at 43.06.resistance for the currency is seen at 43.50.Chart pattern gives cues for the possibility of 50% Profit booking for previous bull run .Currency is seen trading well above the fast moving averages ,but overbought stochastic is giving a caution signal.
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