Rupee dropped to more than one-month lows on concerns of capital outflows from the local share market following weak Asian stock markets and the dollar's strength against some.USDINR chart pattern gives bearish signals and currency is expected to trade in the range of 49.02-49.40 levels for the day. With good support seen at 48.95 levels . key resistance is seen at 49.48 levels. Stochastic is seen trending down but the currency is seen trading above the moving average giving mixed to bearish signals.
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