GundyaBhau
Long

Will USDINR breakout and depreciate INR further?

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD             .
China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move.

This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend.
Can "INR" sustain the pressure or it will prevail further devaluation?

Go long FX_IDC:USDINR            
Trade Trigger 67.2
Target 68.6
SLTP 66.7
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