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  • Rupee appreciates marginally: What lies ahead?

    Publish date: 29th June, 2018

    • Rupee appreciated from 68.80 to 68.40 on the back of rebound in Asian currencies and majors like Euro and GBP.
    • Risk on mood in equity markets helped.
    • Forecast

    • USDINR has technical support around 68.40/50 zone on spot
    • As long as that holds, we can expect a rebound to 68.80
    • However, a failure to hold above 68.40 can invite selling from exporters and specs
    • In this case the pair can fall towards 68.00 and even 67.70 on spot

    Related: Want to know the reason behind the rupee's depreciation and what's the way forward? Read here


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