Rupee seen mixed

Rupee rose as investors bought the local unit noting the dollar's weakness against some Asian currencies. Oil refiners could step up dollar purchases for import payments that are usually made towards the close of each month.
USDINR is expected to trade in the range of 43.65-43.94 levels for the day. With good support seen at 43.58 levels and key resistance is seen at 44.00 levels. Chart pattern shows a consolidation phase but the downtrend can be confirmed only if the currency is able to sustain below the moving average level of 43.65. But Stochastic has given a turn from the overbought levels giving room for a slight upward correction.