The MCX-SX USDINR December futures traded stronger at 46.51 on Tuesday morning. Most of the Asian Equity Markets were trading higher as published in a Commtrendz Research report.

The MCX-SX USDINR December futures closed stronger on Monday. The rupee rose yesterday after a rally in the local share market and due to stronger than expect GDP growth numbers. The BSE Sensex closed higher by 294.21 points to end at 16,926.2. India`s economy grew 7.9% in the September quarter from a year earlier. Sensex had fall last week due to concerns Dubai`s problems could spark a flight of capital from emerging markets.

The US Markets rose yesterday as the Dow Jones closed higher by 34.92 points at 10,344.8. Concern eased over a possible default by Dubai World. Equities in developing nations rallied today as the Chinese government said it will maintain stimulus policies next year and India`s 7.9% growth in gross domestic product beat forecasts.

Favored view expects 46.30-46.35 to hold dips for a rally towards 47.10-47.20. Fall below 46.20 to negate this view said Commtrendz Research, an independent research firm dedicated to the commodity futures and foreign exchange markets.

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