INR is expected to rise further on Thu following a pullback in U.S. Treasury yields on weak economic data. Non-deliverable forwards indicate the rupee INR=IN will be at around 82.58-82.60 to the U.S. dollar, compared with its close of 82.6850 in the previous session
The current level is 82.45 In the daily chart, the Dollar rupee is now showing down trend with RSI 43.30( Slightly Oversold) and is showingdown and MACD , blue line has cut red line from above and gap is now increasing which is sign of start of down trend
The current level is 82.45 In the daily chart, the Dollar rupee is now showing down trend with RSI 43.30( Slightly Oversold) and is showingdown and MACD , blue line has cut red line from above and gap is now increasing which is sign of start of down trend
The major support levels are at 82.87 (18 day moving average), followed by 82.55 (50 day moving average ) Resistance is at 83.28 (High level in NDF) followed by 83.48 ( Bollinger Band).
