Our one-month view for the USD-INR currency pair is unaltered. The current range-bound move can be labelled as the B wave of the downtrend that commenced at Rs 40.83 on March 17. Though this sideways move can extend for a few more weeks, the next leg down (C wave) can pull the pair lower.
From: www.thehindubusinessline.com
1-month view
Posted by Ruslan Abuzant at 4:33 PM
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