Rupee weakened a little on expectations that foreign funds could pull out of local stocks following bearishness in Asian stocks as uncertainty shrouded a $700 billion US bailout plan. USDINR is expected to give a bull run for the day. With the trading range expected between 46.10-46.55.Support is seen at 46.06 levels and key resistance is seen at 46.68 levels. Currency is seen trading above the moving averages and stochastic is also giving indication of bullish move.
Friday, September 26, 2008
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