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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