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USDINR

USD/INR after strong upside rally is witnessing exhaustion at higher level. Even though we expect US dollar to go up, Indian rupee is trading stronger due to strong equity mkt. We expect upside rally to continue above 73.70 and till then it is sell on rise near 73.50 for tgt of 73 and stoploss of 73.65

EURINR

EURINR has fallen from the highs and sell on rise is recommended near 88.60 for tgt of 87.90 The currency is finding it difficult to sustain above 89.10 and for past 2 trading session, after opening higher, it falls back to low suggesting that sellers are more active.

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