Long

USD INR View-- Infi forex

USD INR Spot at 65.05, after 4 months, i'm expecting if market holds 64.90, would break 65.20, 65.60 then 66.10. on the other hand support is at 64.70, then 64.30.. most probably it's expected on higher side exporter should hedge at least 50% of their exposer, at 65.20 Spot for next 2 months. and importers hedge at 64.90.. if break it then at 64.70..64.30....in the coming Weeks. It's not expecting to down more then 64.30.

avrj

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