Currency forecast 18 February 2014

mcxsx usdinr future tips

Rupee futures levels for 18 February 2014

USDINR February expiry future last closed at 61.94 with 15 paisa loss. Today in Intraday MCX-SX Dollar-rupee future hit high at 62.15 while low was 61.85. Total 30-paisa intraday range and closed with loss. For tomorrow, US dollar future is sell for target 61.4.

EURINR February future last closed at 84.9 with loss of 14 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.2 while low was 84.84. Total almost 36-paisa intraday range and closed with loss. For tomorrow, euro future may continue downside and may show lower levels up to 84.3.

GBPINR February expiry future last closed at 103.64 with loss of 7 paisa. In intraday MCX-SX Pound-rupee, future hit high at 104.31 while low was at 103.56. Total 75-paisa intraday range and closed with loss. For tomorrow pound future is sell with stop loss above 104.

JPYINR February expiry future last closed at 60.8 with 20 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 61.18 while low was at 60.77. Total 41-paisa intraday range and closed with loss. For tomorrow yen, future is sell with strict Stop loss of 61.2.

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Pramod Baviskar

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