Karvy has come out with its currency report. According to the research firm, one can enter sell USDINR at 64.65-64.70 for target of 64.40 with a stop loss of 64.80.
Karvy's currency report on USDINR
This is the daily chart of USDINR pair, during the last trading day the pair opened 64.49 made a high of 64.50 and found supply at higher levels the pair after the RBI monetary policy made a low of 64.29 signifying supply at higher levels with MACD indicators remaining below the zero line expects supply to come in at higher levels in coming sessions.
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