BUY USDINR 54.00 CE @ 0.12-13 TARGET 0.26 SL BELOW 0.05
SELL EURINR @ 71.71-72 TARGET 71.32 SL ABOVE 71.92
Today’s Currency Forex Analysis | Forex Forecast | Forex Commentary
Rupee strengthened after the Government partially deregulated diesel prices, we expect Rupee to stable around 53.80-53.60 levels which is the key support and as market has already discounted a 25 basis point interest rate cut in the RBI policy meet on Jan 29, 2013 there would be no major appreciation in the rupee going forward. We expect buying USDINR to continue towards 54.20-30 levels.
- · One can buy USDINR at 53.70 levels during intraday.
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