Rupee fell sharply on Wednesday on expectations of a weaker start for local shares following falls in Asian markets, which could lead to further foreign fund outflows.
tech view :
USD/INR chart pattern indicates upside movement for the day. Indian unit has the support is seen at 47.80 levels and resistance at 48.80 levels Trading range is expected between 47.90 -48.70 . Breach of the resistance can test 49 .00 levels for the day. Stochastic remains neutral waiting for further clues from the currency market movement
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