Currency Levels (3rd December 2019)
Rupee opened on a negative note against the US Dollar in the early morning due to growth concerns after GDP fell to 4.5% in the second quarter of 2020. Weak manufacturing data of the US is showing growth concerns and new signs of a trade war in the coming days. The 10-year Indian government bond yield was at 6.47 percent.
Technical outlook: (December 2019)
Support is 92.60 Resistance is 93.00.
Break and sustain above 93.00 will take it to 93.40---93.80 marks else could touch its support level of 92.60 marks.
Fresh selling can be seen only on a close below 92.60.
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