A bullish reversal pattern of the dollar index weakens the outlook for the rupee

The recovery in the rupee witnessed in the first two weeks of this month, came to a halt last week. The currency traded on a weak note all through the truncated week and fell, breaking below 65 to a low of 65.16 on Wednesday. The currency managed to recover from this low and closed at 65.02 on Monday, down 0.5 per cent for the week. With no major domestic data release scheduled this week, th...