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Buy USD at 49.80: Bonanza

Posted on: February 24th, 2009 and is filed under Brokerage Recommendations.

Bonanza has recommended to buy USD at 49.80 with stoploss below 49.5875 and target of 50.30, 50.70, 51. “Short to medium term outlook for the Rupee continues to be bearish but expected Central Bank intervention at the levels of 50 could provide support to Indian Rupee,” says Bonanza’s research report.

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