Rupee eased in early trade as higher oil prices revive worries about a widening trade deficit and banks sold the greenback expecting inflows from foreign funds as local share were seen on a positive note.A lower rate in offshore non-deliverable forwards market also prompted some banks to cut dollar positions. USDINR is expected to give a small bull run with the trading range expected between 45.30-45.76 levels. With good support seen at 45.20 levels and key resistance is seen at 45.82 levels. Stochastic is seen trending up supported by momentum.
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