Indian Rupee offers a chance for Forex Traders.....................

[GOD IS MY DOG]

looking at the USD/INR pair......................now at a long-term high.............if not all-time high.......

sell the pair can get positive swap some more leh...............but cannot sell a lot as Dow Jones will fall a lot more................so can sell a bit and average in every 1000 pips in the red.........

also, a lot of inflation in India so likely interest rate will not be cut in the short to mid-term..........

must be ready to average in every 1000 pips...........500 pips for the greedy ones............


what you guys think ?

 

[babuSingh]

Go short on USD/INR. The lower oil prices could quickly turn sentiment.

 

[GOD IS MY DOG]

aiyah...............becoz Dow Jones falling, so USD rise..................as usual.............


but shocked to see Rupee already at all-time low..............so soon.............it started falling long ago i think