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MYRINR currency pair analysis | Forex trend updates

myr-inr-trends-26-30-sep-22

The MYRINR currency pair has seen a prolonged consolidation in a narrow range. Presently the pair is testing the top end of the range. The resistance at 17.90 is crucial. Expected range is 17.50-18.30. Current Exchange rate of MYR/INR is 17.80. Preferable to hedge the commitments of outwards remittances on any decline towards 17.55.