Today USD/INR crossed 49.10 mark. It is just about to hit first roof at 49.35. If you're a NRI and thinking to send money then do it now. For next few days/weeks it may hit upto 50.03.
There is a huge risk of it falling back. The technical study shows both short term and medium term SELL. But the fall will be small i.e 48.86-48.94 range.
Be your own judge - the view above is based on technical indicators.
Wednesday, 2 September 2009
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