Currencies
Monday, September 27, 2010
Rupee
RUPEE:
Rupee Closed @ 45.10 on 24/09/2010. It is trading/ consolidating in a channel as per chart attached. It can now further appreciate for the target1-43.40 & eventually target2 to lower end of channel i.e-42.70 to 42.30.
One can use pull back to sell Rupee with SL-46.90 for lower targets mentioned above.
Larger view on Rupee can possible only when it breaks out of the channel at either of side.
Rupee Closed @ 45.10 on 24/09/2010. It is trading/ consolidating in a channel as per chart attached. It can now further appreciate for the target1-43.40 & eventually target2 to lower end of channel i.e-42.70 to 42.30.
One can use pull back to sell Rupee with SL-46.90 for lower targets mentioned above.
Larger view on Rupee can possible only when it breaks out of the channel at either of side.
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Indian Rupee Exchange Rate