hi,
I am having this pair for carry trading on Oanda and I find that its really good for this purpose. Currently the strength of the dollars helped me get into a good position to go short on this pair.
The movement is very limited as far as pips are concerned compared to the other pairs which are used for carry trades.
Intrest rates are 7% for INR and 3% for USD so the differential is also great.
The spread offered by Oanda for this pair is only 3 pips so its fair enough even on that front.
I would like to know what are ur views regarding this and would be posting actual results of exactly how much swap I get etc.
As far as economies are concerned Indian Economy is quite strong these days and USD is considered fairly weak as far as fundamentals are concerned.
I am having this pair for carry trading on Oanda and I find that its really good for this purpose. Currently the strength of the dollars helped me get into a good position to go short on this pair.
The movement is very limited as far as pips are concerned compared to the other pairs which are used for carry trades.
Intrest rates are 7% for INR and 3% for USD so the differential is also great.
The spread offered by Oanda for this pair is only 3 pips so its fair enough even on that front.
I would like to know what are ur views regarding this and would be posting actual results of exactly how much swap I get etc.
As far as economies are concerned Indian Economy is quite strong these days and USD is considered fairly weak as far as fundamentals are concerned.