Currency forecast 6 March 2014

MCX-SX Currency forecast, rupee predictions, INR outlook, forex levels and FX technical analysis for 6 March 2014.

Currency forecast 6 March 2014

USDINR March expiry future last closed at 61.96 with 24 paisa loss. Today in Intraday MCX-SX Dollar-rupee future hit high at 62.22while low was 61.91. Total 31-paisa intraday range and closed with loss. For tomorrow, US dollar has major support at 61.8 so watch for that and above it keeps long view.

 

EURINR March future last closed at 84.97 with loss of 65 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.45 while low was 84.91. Total almost 54-paisa intraday range and closed with loss. For tomorrow, euro future below 85 remains sell.

 

GBPINR March expiry future last closed at 103.4 with loss of 38 paisa. In intraday MCX-SX Pound-rupee, future hit high at 103.75 while low was at 103.24. Total 51-paisa intraday range and closed with loss. For tomorrow pound, future has support at 103.

 

JPYINR March expiry future last closed at 60.53 with 52 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 60.89 while low was at 60.5. Total 39-paisa intraday range and closed with loss. For tomorrow yen, future may touch 60 on weak trend.

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Pramod Baviskar

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