Indian Rupee rose on soft oil prices and firm Asian stock markets which is likely to attract fresh inflows providing key support for the local unit
Tech Outlook:
USD/INR is expected to trade mixed with the trading range expected between 41.88-42.12.With good support seen at 41.85 levels and key resistance for the currency is seen at 42.18 levels. Currency is trading below the moving averages giving a bear note . Stochastic is seen trending down but caution required as currency is seen trading in oversold territory.
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