Positivity over upcoming reforms likely to support rupee: Emkay

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Positivity over upcoming reforms likely to support rupee: Emkay - Compiled By Exim Rite

Emkay Global expects Indian Rupee to appreciate further as positivity over upcoming reforms and weaker dollar internationally can help INR to appreciate further.

''Spot USDINR has settled well below Fibonacci line resistance of 63.8 and there is also a moving average crossover indicating down trend with major support at 100 DMA near 60.6 levels which also coincides with the Fibonacci level of 261.8% retracement formed from the consolidation near historic high wherein charts show a double top formation.''

''Euro is likely to m

ve in range as investors would remain cautious ahead of speech by Draghi and Germany inflation numbers. We expect GBP to remain in range today. We expect yen to remain in range today.''

News of the Day - Indian Rupee News - 26 September 2013

Date	News Title	Source
04-03-2014	Rupee recovers to 61.83 per dollar after opening lower	Livemint
03-03-2014	Indian rupee opens lower at 62.12 per dollar	Money Control
03-03-2014	Indian rupee down 18 paise against US dollar	Financial Express
27-09-2013	Sensex sheds 167 points as rupee depreciates	Morning Star
26-09-2013	Positivity over upcoming reforms likely to support rupee: Emkay	MYIRIS
26-09-2013	Rupee opens 23 paise higher against US dollar	The New Indian Express
20-09-2013	Rupee opens at 62.04: How brokers see outlook	Myiris
05-11-2012	Indian Rupee Hits Seven-Week Low	Online WSJ
02-11-2012	Rupee trading higher at 53.62 on mild capital inflows	The Hindu Business Line
31-10-2012	Rupee falls past 54 in opening trade	Livemint

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Daily Export Import News - 26 September 2013

Date	News Title	Source
26-09-2013	Customs clear part of imported gold	Financial Express
26-09-2013	Indian banks borrow 613 bln rupees from cbank under MSF on Sept 26	Reuters India
26-09-2013	Positivity over upcoming reforms likely to support rupee: Emkay	MYIRIS
26-09-2013	PM may woo US with FDI in e-commerce ventures, may allow 51% FDI	Economics Times
26-09-2013	Daimler India to hit the export highway	The Hindu Business Line