If the USD-INR remains above the 52.95 mark, it will be weak with immediate support at 53.57 but if it breaches the 53.57 mark, new all time lows are expected as the downward journey may continue. The immediate resistance is at 52.31 and then at 50.73. Fresh longs may be initiated only when it will trade below 48.60 conclusively, otherwise the outlook on currency continues to be weak.
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