The rupee dropped past 45 per dollar to a new near two-year low as weaker stock market raised worries of more foreign fund outflows while some offshore related dollar buying also hurt the local unit.
Tech Outlook:
USDINR is expected to continue its bull rally and is expected to trade in the range of 44.80-45.20 levels .Good support is seen at 44.78 and key resistance is seen at 45.25 levels. Stochastic and momentum is only pointing towards a upward rally.
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