India Forex - Forex Trading in India

India Tuesday 18 August 2009 - The Indian rupee extended gains in afternoon trade on Tuesday helped by a firm stock market.

* At 1:35 p.m. (0805 GMT), the partially convertible rupee INR=IN was at 48.74/75 per dollar compared with the previous close of 48.955/965.

* Foreigners have bought shares worth $7.8 billion this year, helping the rupee pull back from its record low but traders said a clouded global economic outlook posed a risk.

* Shares briefly extended gains to 2 percent by Tuesday afternoon, as investors covered short positions a day after the market dropped 4.1 percent to its worst close in a month.

India Monday 17 August 2009
Indian rupee extended losses in late morning trade Monday as the dollar strengthened abroad while local stocks continued their southward journey.
The partially convertible rupee was seen trading at 48.60 per dollar at 11.45 p.m, from Friday’s close of 48.24 per dollar.

India Monday 17 August 2009
Indian rupee declined further in morning trade Monday as local stocks dropped in line with regional stocks and also on dollar’s gains versus major currencies abroad.

The partially convertible rupee was seen trading at 48.58 per dollar at 10.20 a.m, it’s weakest in twenty five days.
The index of the dollar .DXY versus six majors was up 0.1 percent. Most Asian units were also lower compared to the dollar.

The rupee closed at 48.24 per dollar on Friday

Indian Forex Software

If you really want to make money trading forex you either need to have the best forex education or the best forex software by your side.

Education is something you should always consider as the best path to achieve any goal, including a profitable forex trading operation. However, since knowledge is something that takes some time to absorb, the best way to start making money forex trading is with the help of a top performing forex software.

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Therefore, to me the best forex software has to be the fully automated one, and you will probably agree with me with this Indian forex software if you are among those who would like to create a stream of passive income.

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