According to Commtrendz Research's report on Indian Rupee, immediate supports are now towards 48.50/48.60 levels followed by 47.60/47.70 levels. Resistance is at 49.20/49.30 zones, followed by 49.65/49.75.
Commtrendz Research has come out with its report on Indian Rupee MCX-SX futures. "The MCX-SX INR January Rupee futures contract opened weaker due to weak regional stock markets and concerns about capital outflows from country. One-month offshore non-deliverable forward contracts were at 49.30/40, weaker than the onshore closing spot rate."
"MCX-SX INR January’09 futures prices closed weaker towards 49.08 on Thursday. Important supports are between 48.60/48.70 followed by 48.10/48.20 range. Resistance is at 49.25/49.30 followed by 49.90/50 levels."
"INR SPOT: Immediate Supports are now towards 48.50/48.60 levels followed by 47.60/47.70 levels. Resistance is at 49.20/49.30 zones, followed by 49.65/49.75."
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