USD/INR Spot:
USD/INR held below sell zone of 51.85-52.00 (high of 51.7950). In the process 3M dollars moved into the sell zone of 52.75-53.00. Now the pressure is on move into 51.20-51.05 to pull demand for 3M dollars around 52.00
10Y Bond:
10Y bond fell from 8.14% to 8.20% post inflation data. Advise to exit shorts entered at 8.14% at 8.20%
Moses Harding
USD/INR held below sell zone of 51.85-52.00 (high of 51.7950). In the process 3M dollars moved into the sell zone of 52.75-53.00. Now the pressure is on move into 51.20-51.05 to pull demand for 3M dollars around 52.00
10Y Bond:
10Y bond fell from 8.14% to 8.20% post inflation data. Advise to exit shorts entered at 8.14% at 8.20%
Moses Harding
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