The US dollar is expected to attract some buying on declines against the INR. Utilize the lows in the USD/INR January contract to buy above 53.41 with target of 53.59/53.65 and a stop loss of 53.32.
Indian rupee is poised for a weak start mirroring weakness in Asian equities and its regional peers like Korean won (declined for the third day) and Singapore dollar and after US main average Index closed slightly lower yesterday.
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