Indian Rupee Weakens Against The U.S. Dollar
The Indian currency weakened by 3 paise at close.
The Indian rupee weakened by 3 paise to close at 82.76 on Tuesday.
The currency started the day at 82.60, strengthening by 13 paise against the greenback. Intraday, it touched 82.77, according to data on Bloomberg.
It had closed at 82.73 on Monday.
"Supports for the USD-INR spot pair are at 82.6400, 82.5600 and 82.4900, resistances are at 82.7800, 82.8500 and 82.9300, and the pair could remain within the levels this Tuesday," Reliancesmartmoney.com said in a note.
The support zone for the pair is at 82.45-82.20 and resistance is at 82.88-83.20, according to Rahul Kalantri, vice president of commodities at Mehta Equities Ltd.
"We suggest closely watching the levels of 82.45-82.88 for taking fresh positions in the pair in today's session, either side breakout of the range could give further directions."