Indian Rupee: At a crucial juncture.
Indian Rupee:
Indian Rupee had been in a perfect channel of depreciation. It is now trading at a crucial juncture. Any close (on weekly chart) below 66.5 would make Rupee stronger (appreciate) towards 59 very quickly. Failing to break below the depreciation channel would further weaken our currency. Let's hope our currency gets stronger. Let's await for the new governor to be named officially.
Indian Rupee had been in a perfect channel of depreciation. It is now trading at a crucial juncture. Any close (on weekly chart) below 66.5 would make Rupee stronger (appreciate) towards 59 very quickly. Failing to break below the depreciation channel would further weaken our currency. Let's hope our currency gets stronger. Let's await for the new governor to be named officially.
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