The Rupee dropped to its lowest in more than five years in opening deals on expectations that foreigners would continue to sell their local investments amid a deepening global financial crisis. USDINR is expected to trade in the range of 46.60-47.25 levels. With good support seen at 46.58 levels and key resistance for the currency is seen at 47.30 levels. Stochastic shows a possibility of slight downside correction .
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