The rupee rose in thin trade but closely monitoring the stock marketopen for further cues on the direction of foreign fund flows.
Technical view:
USDINR is expected to range bound between 48.10-48.80 for the day. With good support seen at 47.90 levels and key resistance is seen at 49.00 levels. Stochastic is seen trending up and currency is also seen trading above the moving average an is expected to test the upper Band level.
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