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A close above 64 today in USDINR, is an alert to all importers...

A close above 64 today in USDINR, is an alert to all importers that this corrective rally could extend up to the levels of 65. However this could be a big opportunity to all aggressive importers to borrow foreign currency loan (in Dollar terms) in 2-3 tranches and also alert to exporters to book their gain.

The bigger picture is still continue for lower targets of 52/50 in USDINR by mid 2017.

{May 07,2015}

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