Rupee may breach 49/$ today unless state run bank support emerges

2009 June 23

by Preeti

Vikram Nanivadekar of Verity Analytics said that the rupee may breach 49/$ today unless state run bank support emerges. Weak stock markets may increase selling pressure in the currency. The rupee could fall to 49.25/$, if it breaches 49/$

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DISCLAIMER : Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only.

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Rupee may breach 49/$ today unless state run bank support emerges

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