MUMBAI (Commoditiescontrol) - Indian rupee last week was traded in the region of 70.02 and 69.02.
Strong inflows in to the Indian markets have helped the rupee to settle at its highest level since August-2018. Markets gained substantially in the last few weeks probably factoring re-election of incumbent government at the centre.
Rupee is likely to test the lower supports in the region of 68.60-68.40-68.20-67.90
Only below 67.70 will signal further appreciation, which is unlikely at this point of time.
Rupee is unlikely to stay above the resistance seen at around 69.70-70-70.20.
(By Commoditiescontrol Bureau)
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