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Yoganand D BL Research Bureau | Updated on February 08, 2021 Break of the resistance at 72.8 can take the rupee higher to 72.75 or 72.65; traders can then go long with fixed stop-loss After appreciating marginally in the past week, the Indian rupee (INR) closed at 72.8 against the US dollar (USD). It continues to test a key resistance in the band between 72.8 and 73.0. Today, the currency started the session on a flat note, opening at 72.81 and turning weak. It is trading in a sideways band between 72.8 and 72.95. A rally above the key barrier at 72.8 can take the rupee higher to 72.75 and then to 72.65. However, a fall below the base level of 72.95 or 73 can pull the local currency down to 73.11 and then to 73.2 levels in the near term. ....