currency forecast for 12 sep 2013

currency forecast for 12 sep 2013

mcx-sx usd inr forecasts

usdinr sep expiry future today closed at 63.61 with loss of 65 paise.in intraday mcx sx dollar rupee future made high near 64.67 while low was near 63.35.total 1.3 rupee intraday range and correction continues as expected.here below 64 keep short view for target 63 and 62.5 on downside.

mcx-sx eur inr forecasts

eurinr sep future today closed at 84.3 with loss of almost 80 paise.in intraday mcx sx euro rupee future made high near 85.7 while low was near 84.05.total 1.65 rupee intraday range and closed in red on account of sharp correction rally.here expect downside upto 82-80 in short to medium term and below 85.5 hold shorts.

mcx-sx gbp inr forecasts

gbpinr sep expiry future today closed at 100.31 with loss 46 paise.in intraday mcx sx pound rupee future made high near 101.7 while low was near 99.82.total almost 2 rupee intraday range and closed with loss.here also same view and below 101 hold short view for target 98-96 in short to medium terms.

mcx-sx jpy inr forecasts

jpyinr sep expiry future today closed at 63.38 with loss of 66 paise.in intraday mcx sx yen rupee future made high near 64.3 while low was near 63.18.total 1 rupee+ downside rally and correction continues.here below 65 keep target at 62-60 on downside.

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Pramod Baviskar

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