Rupee weakened , taking cues from weaker Asian stock markets but signs of political stability and likely RBI intervention may check sharp falls.
TECH OUTLOOK:
Rupee is expected to trade in the range of 43.10-43.31.With good support seen at 43.06 levels. key resistance for the currency is seen at 43.38.currency is seen trading on the moving averages giving no confirmation of the trend. Widen Bollingers indicates a volatile day for the currency. Stochastic also hints towards a bullish move.
Rupee is expected to trade in the range of 43.10-43.31.With good support seen at 43.06 levels. key resistance for the currency is seen at 43.38.currency is seen trading on the moving averages giving no confirmation of the trend. Widen Bollingers indicates a volatile day for the currency. Stochastic also hints towards a bullish move.
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