ºÝºÝߣ

ºÝºÝߣShare a Scribd company logo

Dollar Rupee Tech Update

•
•
Anindya Banerjee
Anindya Banerjee

The dollar-rupee pair is facing resistance at a major trend line, making a dip to 45.20-45 likely unless a follow-through occurs early next week. Exporters can look to cover 25-30% of their exposure at current levels next week given the possibility of the pair declining.

1 of 2
DOLLAR-RUPEE A major trend line resistance is capping the move in the pair. Unless we can get a follow- through early in the week, a dip towards 45.20-45 looks likely. Hence, exporters can definitely look cover some (25-30%) exposure at the current levels next week. Regards, Anindya Banerjee.
Dollar Rupee Tech Update

More Related Content

Dollar Rupee Tech Update

  • 1. DOLLAR-RUPEE A major trend line resistance is capping the move in the pair. Unless we can get a follow- through early in the week, a dip towards 45.20-45 looks likely. Hence, exporters can definitely look cover some (25-30%) exposure at the current levels next week. Regards, Anindya Banerjee.