Indian rupee rallied and federal bond yields plunged to lifetime lows on Monday following coordinated fiscal and monetary measures to boost sagging growth. USDINR is expected to have a mixed note for the day and is expected to trade in the range of 48.05-48.50 levels for the day. With good support seen at 48.00 levels and breach of it would see 47.80. key resistance is seen at 48.60 levels. Stochastic is seen trending down and currency opened on a lower note and is seen trading on the lower bollingers
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