Weekly Market Analysis

UsdInr has taken the support of 50% retracement in the weekly chart near 45.80 levels.

UsdInr has taken the support of 50% retracement in the weekly chart near 45.80 levels. It is likely to bounce from 46 levels for the near-term target of 47.00 – 47.40 levels from here. Exporters start booking 47.00 plus levels. Break of 48 might change the bullish bias of rupee. Bullish.

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These views/ forecasts/ suggestions, though preferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsible for any profits or losses that might occur, without recourse to us. World financial... More

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