13 June 2013

On the USD-INR currency exchange trades.

The USD- INR market behaved quite in expected lines (click here) and it did gain a bit before closing at 57.83
The INR continues to be bearish although the USD is expected to cool off a bit more and consolidate. 
The immediate and short term traders are advised to buy USD at around 57.57 and 57.31 levels, which are support levels, to be sold later or on successive sessions at around 58.24 and 58.39 and 58.65 which are resistance levels for today.

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