Rupee trimmed losses against U.S. dollar as some banks sold the greenback and booked profits, said to be on behalf of exporters. However, the overnight rise in global crude oil prices and oil companies' dollar demand is expected to keep the Indian unit under pressure
USDINR is expected to give a downside correction for the day .Trading range for the day is expected between 43.50-43.90.With good support seen at 43.45 and resistance is seen at 43.92 levels. Stochastic has given a turn from overbought levels and is trending down. Currency is expected to test the moving average level of 43.35 levels .
USDINR is expected to give a downside correction for the day .Trading range for the day is expected between 43.50-43.90.With good support seen at 43.45 and resistance is seen at 43.92 levels. Stochastic has given a turn from overbought levels and is trending down. Currency is expected to test the moving average level of 43.35 levels .
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