Sorry for not posting any updates yesterday. I was on a short trip..
Yesterday the pair USD/INR opened at 62.25 (Dayhigh) and the Daylow was 62.1550. The pair is on a consolidating mood as it wandered between 62.2675 and 62.1550 for last two days. Yesterday’s closing LTP was 62.2175.
Today the pair opened at 62.2875 which i wish to call a “fake” opening and Daylow of 61.9650 was hit in a while very dramatically. Normal traders are not getting any chance to sell/buy in these figures. The CMP is 62.0750
Only 61.94 is the figure to hit on the lower side as of now..