Rupee weakened in early trade due to dollar demand from companies to repay overseas loans amid low volumes but expectations of central bank intervention kept a check on sharp falls.
USDINR is seen on a bull note with the trading range of 45.95-46.35.With good support seen at 45.90 levels and key resistance is seen at 46.40 levels .Stochastic and momentum are confirming the bull trend. Currency is also seen trading above the moving averages.
Thursday, September 25, 2008
Rupee weakened -sep 25
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