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GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight

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USD/INR seen higher on profit taking

Friday, February 27, 2015 2:37 AM UTC

USD/INR ended lower overnight after good struggle
Stops sales from models, leveraged weigh but hedge funds pushed buyers
Pair may trade 61.70-62.00 intraday, cautious of fresh agents buying
Short covering interest after hawkish Fed, India budget tomorrow supports further
NDFs traded 62.08-62.30 range overnight, closed 62.12-15 in NY

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USD/INR seen higher on profit taking

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