USD INR weekly analysis for 23 to 27 may 2016

USD INR weekly analysis for 23 to 27 may 2016 NSE usd inr future this week closed with strong gains. As expected rupee started weakness and achieved my tgt 67.05 and 67.4. But from now on expect RBI interventions as well as profit booking in dollar.   For next week, usd inr future outlook is weak. For me upside seems to limited and downside more open. On upside 67.65 and 68.2 are resistances for next week while 67.25 and 66.8 are support zones as well as tgts on correction.   In my view from long term horizon, usd inr future is started it journey towards 65 and 62 levels for 2016.

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Pramod Baviskar

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