Rupee is one of the interesting charts which has to be looked into and is pointing towards a bearish scenario for INR. The USDINR seems to have formed a wolf wave pattern and till now it has not confirmed and it would be confirmed on close above 60.75 the lower blue line once this is done the pattern would be confirmed and we can see a sudden spurt in the USD towards 66 and every body would be caught on wrong foot. i am working on the elliott wave structure and would furnish the same once i complete the same this weekend. So wait for the chart to confirm and then act in any case the stop loss is around 59.50 levels. so we have 1 rupee risk and return of 6 rupees in this trade if taken. but stop loss is a must what ever may be the case