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Latest update on MYRINR Trends | Forex pair views


After almost three months of prolonged consolidation in a narrow range the MYR/INR currency pair looking for a break-out if it can achieve a daily close above 18.00. The support at 17.80 and 17.50 appears to be strong and adds to the possibility of a trigger higher in the coming weeks. Current Exchange rate of MYR/INR is 17.85. Preferable to hedge the outwards remittances commitments on any decline towards 17.50.