Latest Updates: India Forex Reserves has been increase by 3 Billion Dollar
Impact : USDINR will get little stronger
Comments: IMPORT has been closed since 23rd March in India due to which accumulation of Forex reserve get high.
Our Preference: Buy USDINR 75.32 for target 75.55 with SL 75.18
Alternative Scenario: Sell 75.9 for target 75.55 with SL 76.05
Positional Call (Weekly Call) : Buy USDINR 75.02 + for target 75.75 with SL 74.80