Rupee rose 0.67 per cent in opening deals in anticipation of capital flows into the stock market after India overcame a hurdle for a civilian nuclear deal with the United States.
Tech Outlook:
USDINR is expected to trade in the range of 43.98-44.35 levels. Currency has given a lower open and is seen trading below the moving averages is expected to test the lower Band levels. Good support is seen at 43.92 levels and key resistance is seen at 44.40 levels. Stochastic is seen trending down supporting the downside correction.
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