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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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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