USDINR Daily Charts
USDINR on the daily charts is in long term sell mode since Sep 2013. Currently the EOD resistance comes near to 60.49. USDINR will turn to long term buy mode if the resistance levels breaks on the upper side.
USDINR May Futures on the hourly charts is in positional buy mode and currently the hourly support zone comes near 58.38. Reverse your position to shorts if the support zone breaks on the hourly charts.
– India’s central bank on Tuesday allowed importers to book forward forex contracts up to 50 percent of the eligible limit in an effort to facilitate greater hedging flexibility.
– India to sell 160-billion-rupee of bonds on May 30 – govt