Rising oil prices in global markets forced the Indian Rupee to fall by more than 20 paise against the dollar while bond prices saw a sharp dip. The local currency, which threatened to breach the 44-mark per dollar on , staged a sharp recovery .
Tech Outlook:
USDINR is expected to give a downside correction for the day .Trading range for the day is expected between 43.30-43.58.With good support seen at 43.25 and resistance is seen at 43.62 levels. Stochastic gives the indication for the currency to trend downwards for the day.
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