Rupee eased to a near 1-½ year low-sep 02.

Rupee eased to a near 1-½ year low , on concerns that a widening trade deficit would put downward pressure on the currency. USDINR is expected to trade in the range of 44.05-44.24 levels for the day. With good support seen at 44.28 levels. Chart pattern indicates a mixed note for the day as stochastic is seen flat though in overbought levels. Currency is expected to give a slight downward correction as it has already tested the Upper Band levels.