• Forex

    Update on USD/INR – 5.Feb.2015

    USDINR tips

    HI all,
    USDINR opened high at 62.15 against yesterday’s closing LTP 62.02
    The pair showed a false Dayhigh of 62.24 in a glimpse and went back to 62.04 levels. But yesterday’s R2 of 62.16 was hit and the pair started to decline. Daylow was recorded at 61.93 and closing LTP was 61.97

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  • Forex

    Update on USD/INR – 4.Feb.2015

    USDINR tips

    Hi all,
    As said yesterday evening in my blog post Hope the pair will touch 61.8775 tomorrow and bounce back the pair USD/INR bounced back after hitting 61.82 (Daylow). Opening was at 61.90, lower than yesterday’s closing LTP of 61.9575
    Then we saw a small bullish rally upto 62.1525 (Dayhigh) and closing LTP was 62.02

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  • Forex

    Update on USD-INR – 3.Feb.2015

    USDINR tips

    Hi all,
    In yesterday’s blog post, I said that markets were anticipating a rate cut. But RBI today announced no change in Repo, Reverse Repo rates. A change was made in SLR which didn’t make any big move in the market.
    Nifty was in red since today morning. But it recovered a bit in the late afternoon.

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  • Forex

    Update on USD/INR – 2.Feb.2015

    USDINR tips

    Hi all,
    Welcome back after the weekend.
    We saw strong Bearish trend today in the pair USD/INR which opened at 62.31 and Closed around 62.09
    The Dayhigh, 62.35 was hit soon after today’s opening and the Daylow was 62.0525
    RBI is about to announce a change in Bank Interest rates tomorrow and market is anticipating another cut like last month. Do you think this is the reason for today’s bearish movement? My answer is NO.

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  • Forex

    Update on USD/INR – 29.Jan.2015

    USDINR tips

    Hi all,
    We saw a very vibrant today as the US Dollar rallied from 61.7350 (Daylow) to 62.1975 (Dayhigh) before closing at 62.1825
    The pair opened at 61.77, just above yesterday’s closing LTP of 61.7450. As today was NIFTY F&O expiry day, most traders expect NIFTY to be a bit down due to profit taking. Before closing time, Nifty rebounded to decent level at 8952.35 against yesterday’s closing of 8914.30

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  • Forex

    Update on USD/INR – 28.Jan.2015

    USDINR tips

    Hi all,
    Welcome back after a short break..
    Today we saw the expiry of USD/INR Jan contract and let me give you some insight.
    Today’s Opening was at 61.4425 and with continuing Down trend, the pair get closed at 61.41.
    Dayhigh was 61.5250 and Daylow was 61.4050.
    Jan month High=64.1550 (hit on 30.Dec.2014)
    Jan month Low=61.3750 (hit on 23.Jan.2015)

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