The Rupee edged lower following the dollar's gains against some Asian currencies but a sharp fall is likely to be limited as Asian stock were mixed
Technical Outlook:
USDINR chart pattern gives mixed signals and currency is expected to trade in the range of 48.65-49.10 levels for the day. With good support seen at 48.55 levels . key resistance is seen at 49.20 levels. Stochastic is seen flat and the currency is trading above the moving average giving mixed signals.
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