The rise in US stock markets should result in gains for the Indian rupee against the major currencies. Moody's strips France of AAA-rating with one-notch cut will prevent euro from big gains. There is lack of major negative news at the moment and unless there is one rupee will either consolidate or appreciate against the major currencies. We just need to wait and watch before taking a short term directional call on the rupee. Lok winter session will be the key. Trading strategy For the
