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View Full Version : India's Rupee Unlikely to Weaken Past 48: Technical Analysis - Bloomberg



NewsWhore
06-16-2009, 03:41 AM
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India&#39;s Rupee Unlikely to Weaken Past 48: Technical Analysis (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DaUFNP37capcM&cid=1261617438&ei=c083SqOTEIOWMcfPuIcI&usg=AFQjCNEoGMfkNvRZPfLXaIjFjq_NTxmkiw)
Bloomberg
The daily chart shows that the dollar had tested and failed on six occasions to sustain appreciation above that level against the rupee since May, creating “a very strong technical resistance,” said Priyanka Chakravarty, a currency strategist in Mumbai ...


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