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MYRINR trends weekly analysis- 21st-25th Nov | Forex view


The MYRINR currency pair has seen a prolonged consolidation in a narrow range of 17.30-17.80. The crucial support at 17.30 held well and made a sharp up move to 18.00. Expected range for the week is 17.50-18.30. Current Exchange rate of MYR/INR is 17.91. Preferable to hedge the commitments of outwards remittances on any decline towards 17.40.