The Rupee extended its rise for a fifth consecutive session on as gains in other Asian stocks markets highlighted the renewal in global investor appetite for riskier assests ahead of the local share market open.
Tech view
USDINR is expected to range bound between 50.15-50.80 for the day. With good support seen at 50.00 levels and key resistance is seen at 50.90 levels and currency swings to depreciate further in near term . Stochastic signals the depreciation of the Indian unit in near term . currency is also seen trading below the moving average.
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