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MYRINR currency pair view analysis | Forex view


The MYRINR currency pair has seen a prolonged consolidation in a narrow range. Presently the pair is testing the lower end of the range. The support at 17.50 is crucial. It bounced back sharply from this level. Expected range is 17.35-18.00. Current Exchange rate of MYR/INR is 17.78. Preferable to hedge the commitments of outwards remittances on any decline towards 17.60.