Currency forecast 28 February 2014

MCX-SX Currency forecast, rupee predictions, INR outlook, forex levels and FX technical analysis for 28 February 2014.

Currency forecast 28 February 2014

On Thursday, currency market will remain closed on event of Mahashivratri.

 

USDINR March expiry future last closed at 62.34 with 10 paisa gain. Today in Intraday MCX-SX Dollar-rupee future hit high at 62.37 while low was 62.13. Total 24-paisa intraday range and closed with gain. For Friday, US dollar future above 62 remains buy on dips.

 

EURINR March future last closed at 85.63 with gain of 4 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.7 while low was 85.4. Total almost 30-paisa intraday range and closed with gain. For Friday, euro future is buy for target 86.

 

GBPINR March expiry future last closed at 104.06 with gain of 6 paisa. In intraday MCX-SX Pound-rupee, future hit high at 104.1 while low was at 103.68. Total 42-paisa intraday range and closed with gain. For Friday pound, future is buy for target 104.5.

 

JPYINR March expiry future last closed at 60.96 with 12 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 60.98 while low was at 60.75. Total 23-paisa intraday range and closed with gain. For Friday yen, future is buy for target 61.3.

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