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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