The Rupee weakened in early as oil refiners stepped up their month-end dollar buying, but expectations of a stronger stock market opening may stem a sharp decline
Technical Outlook:
USDINR is expected to range bound between 47.90-48.80 for the day. With good support seen at 47.80 levels and key resistance is seen at 48.90 levels and break of it could test 49.10 levels. Stochastic is seen trending down and currency is also seen trading below the moving average.
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