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Trading Strategy

USD/INR: Buy at Rs60, for a target of Rs60.56-Rs61.20
Technically, now the market is looking to take support at 60.70, a break below could see a test of 60.20 and whereas resistance is now likely to be seen at 61.95, a move above could see prices testing 62.80. Buy for a target of Rs60.56-61.20 with stop loss placed at Rs59.56.

The Big Picture

Purchase Sales Net Inv
237.50 491.80 -254.30
As on 2013-04-23 (In Rs. Cr)

     Pair  Currency Rate (Rs)
    AUDINR Australian Dollar 56.5267
    EURINR Euro 79.4577
    GBPINR United Kingdom Pound 100.5091
    JPYINR Japanese Yen 0.5802
    USDINR United States Dollar 60.4855

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