Currency forecast for 11 March 2014

MCX-SX Currency forecast, rupee predictions, INR outlook, forex levels and FX technical analysis for 11 March 2014.Currency forecast for 11 March 2014USDINR March expiry future last closed at 61.09 with 21 paisa loss. Today in Intraday MCX-SX Dollar-rupee future hit high at 61.57 while low was 61.03. Total 54-paisa intraday range and closed with loss. Technically UD dollar is oversold and expect bounce back rallies ahead. EURINR March future last closed at 84.71 with loss of 45 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.46 while low was 84.64. Total almost 80-paisa intraday range and closed with loss. For tomorrow, euro future has support at 84.5. GBPINR March expiry future last closed at 101.72 with loss of 105 paisa. In intraday MCX-SX Pound-rupee, future hit high at 103.07 while low was at 101.66. Total 1.43-rupee intraday range and closed with loss. Pound is in oversold state on intraday chart and expects technical bounce back. JPYINR March expiry future last closed at 59.14 with 48 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 59.8 while low was at 59.1. Total 70-paisa intraday range and closed with loss. For tomorrow yen, future has support at 59.

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Pramod Baviskar

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