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Indian rupee erases previous gain against US dollar, intraday bias remains neutral

  • USD/INR is currently trading at 66.5850 marks.
     
  • It made intraday high at 66.62 and low at 66.55 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close below 66.46 will take the parity back around key support at 66.18/65.95 levels respectively.

  • Alternatively, reversal from key support will turn bias slightly bullish and take the parity back above 67.00 marks.
     
  • On the top side, key resistance levels are seen at 66.95, 67.15 and 67.7 levels.

We prefer to take long position in USD/INR around 66.50, stop loss 66.46 and target 67.18 levels.

  • Market Data
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