The Rupee weakened pressured lower by outflow concerns from the stock market following weak regional indices.Chart pattern indicates Indian unit to be on mixed note for the day. Trading range is expected between 49.30-49.85.currency holds its support at 49.17 levels and has its resistance at 49.95 levels for the day. Stochastic is seen trending down indicating a downtrend but only bearish crossover can confirm the trend for the day.
Tuesday, February 17, 2009
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