Rupee edged higher in early trade as a rise in the Asian stock indices buoyed sentiment, but some month-end dollar demand from importers and oil refiners prevented a sharp rise in the unit.
Technical outlook:
USDINR is expected to range bound between 48.30-48.60 for the day. With good support seen at 48.70 levels and key resistance is seen at 48.20 levels. Stochastic is flat and a narrow band width indicates a narrow trade for the day.
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