Indian Rupee opens stronger at 59.40 - ICICI Bank : Treasury Research

The Indian Rupee opened stronger at 59.40 compared to yesterday's close of 59.76 aided by the additional measures taken by RBI to curb volatility in the currency, announced post market hours yesterday. However, the currency has lost some ground since then and is currently trading around 59.50 levels. Intraday, the currency might come under pressure on account of off-shore and month-end Dollar demand by oil importers. The intraday trend for USDINR is ranged with support at 59.25 and resistance at 59.65.

Source : Equity Bulls

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