Rupee appreciated by another 41 paise to almost one month high of 49.93 against the US currency in early trade on Monday on expectations of increased capital inflows by foreign funds as domestic bourses may open in positivterritory.
TECH VIEW APR 06 2009
USDINR is expected to appreciate for the day with trading range expected between 49.55-50.20 for the day. With good support seen at49.30 levels and key resistance is seen at 50.45 levels . Stochastic signals the appreciation of the Indian unit in near term . currency is also seen trading above the fast moving average thereby hinting that the correction would be only a short term and market stills needs further confirmation
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