Currency forecast 26 march 2014

MCX-SX Currency forecast, rupee predictions, INR outlook, forex levels and FX technical analysis for 26 March 2014.

Currency forecast 26 march 2014

USDINR March expiry future last closed at 60.44 with 35 paisa loss. Today in Intraday MCX-SX Dollar-rupee future hit high at 60.7 while low was 60.44. Total 26-paisa intraday range and closed with loss. US dollar is trending lower in oversold zone expect short covering in upcoming sessions.

 

EURINR March future last closed at 83.48 with loss of 20 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 83.93 while low was 83.46. Total almost 47-paisa intraday range and closed with loss. Below 83.5, keep short view here.

 

GBPINR March expiry future last closed at 99.75 with loss of 49 paisa. In intraday MCX-SX Pound-rupee, future hit high at 100.1 while low was at 99.69. Total 41-paisa intraday range and closed with loss. Pound is heading towards 99-98 levels.

 

JPYINR March expiry future last closed at 59.15 with 21 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 59.35 while low was at 59.1. Total 25-paisa intraday range and closed with loss. For tomorrow yen, future may show correction downside up to 58.5.

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Pramod Baviskar

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