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 – 19.Jan.2015

USDINR tips

Hi all,
Welcome back after weekend.
The pair USDINR opened lower at 61.84 adding strength to Indian Rupee against Friday’s closing LTP of 62.0050
The Dayhigh as of now is same as opening, 61.84 and Daylow is 61.6725
CMP is 61.76
Intraday trend seems to be DOWN.
So sell on highs. Also chance is there to break present Dayhigh of 61.84. If the closing seems to be well below today’s opening, 61.84, its better to buy PE options so that it will appreciate overnight.

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Update on 02-Dec-2014 (USD/INR)

USDINR tips

Hi all,
Sorry for not posting today morning due to power failure. But I didn’t miss the day as I was watching the trade in my mobile platform.

The pair USD/INR opened dramatically at 62.00. Yes I said “dramatically” because it opened at 62.00 and hit the Dayhigh 62.40, all in a sudden. I wonder why there was no Spot rate while the pair opened at 62. I even thought it was due to Bank employee strike today. But the spot rate came in as 61.99 soon.

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