With all the bad news quite for while. But on technical front, after the release of MPC by RBI and considering the USDINR rate at 71.30 for analysis purpose. The rupee has started depreciating to new levels.
After breaking the levels of 71.20 -- USDINR is moving ahead for the immediate Resistance range of 71.60, 72.10 and 72.40 levels with the Support range at
71.25, 70.95 and 70.58
Please be cautious with your trade
It is now trying for the levels of 72.10 and 72.50 levels in the coming days.