It was indeed a good day from the perspective of Indian Rupee. A sharp appreciation has been observed today in it against the dollar ahead of election results in India on 8th December. Indian Rupee closed on 62.05 after getting strengthen by 31 Paisa. Yesterday the Rupee closed on 62.36. Current account deficit made an impact on the Rupee today. Further the election results of all the states will decide the movement of Rupee in near term. Rupee is most likely to get volatile against the dollar. If Rupee further comes to 61.80 then it may witness some strength ahead.
Key Support & Resistance Levels
Support Levels: 61.85-61.65
Resistance Levels: 62.25-62.45
