USD--INR Update !!!!!!!!!!

Dear All,

                   Last week we  told you we expect USD-INR to move  at higher levels , tgt was 53.20--54+ levels ....USD---INR Oct Futures Hit 53.26 high and traded down ward .....now what next !!!!!!!!


We Still expect USD--INR to move higher in coming days ... We adviced you to hold longs with 52 as sl on closing basis for upside tgt of 53.80----54.25 in coming days .


Its Buy on dips in USD---INR with 52 as sl on closing basis.

Thanks & Regards
Abhay Mehrotra