Immediate supports for rupee at 46.20/46.10: Commtrendz

Commtrendz Research has come out with its report report. According to research firm immediate supports for rupee are around 46.20/46.10 followed by 45.90/45.80.

Commtrendz Research report on rupee:

The MCX –SX November Rupee futures opened at 46.52. The BSE Sensex opened  at 17217, 36 points down from its previous close. The Indian rupee weakened on Tuesday taking  cues from broader Asian share markets, while the dollar's gains against major units also hurt. The  dollar trimmed its losses on Tuesday before the thanksgiving holiday. The index of the dollar  against six majors was up 0.2 percent. The MSCI index of Asian stocks ex-Japan was down 0.6  percent while the Nifty India stock futures traded in Singapore were marginally lower. Rumors of  dollar demand also had a negative effect on Indian rupee.

Closing Trade: The MCX-SX November Rupee futures were trading stronger at 46.48 by 3.40 pm. The BSE Sensex closed lower at 17132, down by 50 points.

INR SPOT: Immediate supports are around 46.20/46.10 followed by 45.90/45.80. Immediate resistance falls around 46.60/46.70 followed by 46.90/47.00 levels.

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To read the full report click on the attachment