Indian Rupee fell sharply on towards a 17-month low as a rise in oil prices and lower Asian stock market weakened sentiment for the local currency . USDINR is expected to trade in the range of 44.05-44.24 levels for the day. With good support seen at 44.00 levels break of which will se 43.98 levels and key resistance is seen at 44.30 levels. Stochastic is seen trending up and chart pattern is shows a higher open and is currency is seen trading on the upper Band level.
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