By | September 11 2009 4:56 AM

Rupee : 48.20-30 levels are strong moving averages support- (100 days and 50 days). We maintain the bearish bias till rupee is holding above 48.20. Only and Only if we get support from dollar strength and bearish momentum in stocks , commodities and dollar index we could see rupee at 50 levels soon otherwise rangebound. Upside in rupee is limited. Bearish (USD/INR : 48.44)