Rupee tested the level of 56.35 in spot and 56.50 in May future as expected moving higher ,,,
Expected to trade and test the level of 56.5 - 57.5 immediately and will be in the range of 58 - 56.5 for some time and then crossover above 58 will bring to 60 - 61 in 2 - 3 months time frame.
Support is seen at 55 zone in spot market and once its cross will test 54.3 - 53.5 only closing below 55 is required. ,,
Near term target is coming at 58 and 59 also.,, be prepare from the upside move above 60 and do not get shock if it goes ....
We all are looking at Greece problem and Euro Zone .... have u seen in INDIA what its facing ,, its much bigger then all this in ratio wise,,, look at the pace rupee came up from 48 to 56 in 2 months and where it will go further ,,
IF I SAY 66 - 68 CAN NOT BE RULED OUT !!! red alert
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