Monday, July 19, 2010

Forex, Currency update

The USDINR pair is expected to open higher tracking decline in global shares on Friday. Local shares are expected to stay weak. The NIKKEI is currently down 2.75% and the Hang Seng is down 0.75%. The EURINR is expected to stay sideways to lower and decline is expected to be limited on firm moves in the USDINR.

USDINR July: Support 47.00, 46.92 Res 47.16, 47.31

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