General Trading Chat

TraderRavi

MM is the holy grail
USDINR hovering around 100DMA after a long time. I guess it will do some timepass around these levels, appreciating to 66.8 region and down to 67.5 region, before further direction.

The point in favor is that it is the beginning of the month and there's isn't much demand from the importer/exporters as yet (it usually comes at the month end). The point against is about the Fed meeting next week.

200DMA is at 65.88, maybe it can rise to that level.

Can you explain why demand from importers/exporters comes at month end ?
 

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