In the Currency market, USDINR is indicating a positive opening as Asian equities are down and the Singapore nifty futures opened on a weak note. The Japanese yen also traded weaker to the US dollar and the euro.
USDINR futures (Dec.) is likely to rise to it's first resistance level of Rs 53.39 in today's morning session. Only a break above Rs 53.39 could bring the USDINR into a positive trend, and it could test Rs 53.579 and Rs 53.669. On the other hand on the downside, it will find strong support at Rs 52.709.
USDINR futures (Dec.) is likely to rise to it's first resistance level of Rs 53.39 in today's morning session. Only a break above Rs 53.39 could bring the USDINR into a positive trend, and it could test Rs 53.579 and Rs 53.669. On the other hand on the downside, it will find strong support at Rs 52.709.
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