Rupee hits 3-week high ahead of Economic Survey, Union Budget

Mustafa Nadeem, CEO, Epic Research said,

“A decline in the US dollar Index aided the positive momentum as the index declined from 103 to 100.5 levels. Technically, USD INR is in sideways momentum and made a flag pattern. On the higher side resistance is seen at 68.4 while support comes at 67.8. A break out in the flag pattern will further provide the momentum in currency market. A lot will depend on government’s policies and the Union Budget in the near term.”

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