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Technical update on MYRINR currency pair | Lotus Remit


The MYRINR currency pair has seen a prolonged consolidation in a narrow range of 17.30-17.80. It has developed a characteristic of making alternative Bullish and Bearish candles. The support at 17.30 is crucial. Expected range is 17.30-17.80. Current Exchange rate of MYR/INR is 17.40. Preferable to hedge the commitments of outwards remittances on any decline towards 17.30.