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Buy USDINR around 62.12; target 62.35: Religare Retail

Religare Retail Research has come out with its technical outlook on currencies. According to the research firm, one can buy USDINR around 62.12 levels keeping a stop loss of 61.98 for a target of 62.35

November 28, 2014 / 01:45 PM IST

Religare Retail Research's technical outlook on currencies

USDINR pair is ex-pected to trade with positive bias and on the upside may tar-get 62.40 levels. The support for the pair is placed around 62.10 levels.

USDINR : Buy around 62.12 with a stop loss of 61.98 for a target of 62.35

EURINR : Sell around 77.70 with a stop loss of 77.85 for a target of 77.45

GBPINR : Sell around 98.00 with a stop loss of 98.15 for a target of 97.80

JPYINR : Buy around 52.90 with a stop loss of 52.78 for a target of 53.15

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