Trading the USD/INR Currency Pair

Another of the emerging Forex currency pairs, the USD/INR compares the value of the US dollar to the Indian rupee. As you can see from the chart below, there are more than Rs.50 to the dollar, so conventionally the point is only two decimal places rather than four, i.e. the spread betting quote is 5463.2 - 5483.2.

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USD/INR Forecast: Will USD/INR Go Up or Down?

USD/INR opened at 68.55 against its previous close at 68.54.The pair dropped after opening higher Wednesday on …