Rupee appreciated against the greenback in early trade following dollar selling by exporters amid fresh capital inflow on expectations of higher opening on the bourses in line with firming global equity markets.
Technical Outlook:
USDINR opened on a lower note and is expected to trade in the range of 48.15-48.60 levels for the day. With good support seen at 48.05 levels . key resistance is seen at 48.70 levels. Stochastic is seen trending down and the currency is trading on the lower Bollingers giving bearish outlook.
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