Commtrendz Research expects a gradual fall towards 45.45 followed by 45.20 or even lower now. Good support will be seen at 45.35 levels.
"Indian foreign exchange and bond markets are closed on Tuesday for a local holiday. Trading resumes on Wednesday.
The partially convertible rupee ended at 45.58/59 per dollar after hitting 45.6750, which was its lowest since March 5, and about 0.3 percent weaker than the previous close of 45.43/44.
Indian shares climbed 1.3 percent on Tuesday to their best close in nearly two months, with energy giant Reliance Industries leading the charge, and the rise in world equities lending support.
The global dollar fell against the euro after the Fed kept rates unchanged and reiterated exceptionally low rates for a while.
Technical View: Failure to close above 45.63 still indicates bearishness to be intact. While below 45.65 we expect a gradual fall towards 45.45 followed by 45.20 or even lower now. Good support will be seen at 45.35 levels." says Commtrendz Research report.
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