Currency forecast for 14 March 2014

MCX-SX Currency forecast, rupee predictions, INR outlook, forex levels and FX technical analysis for 14 March 2014.

Currency forecast for 14 March 2014

USDINR March expiry future last closed at 61.35 with 10 paisa loss. Today in Intraday MCX-SX Dollar-rupee future hit high at 61.37 while low was 61.02. Total 35-paisa intraday range and closed with loss. For tomorrow, US dollar may continue to gains, on risk-on trades in the markets.

 

EURINR March future last closed at 85.56 with gain of 35 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.58 while low was 84.88. Total almost 78-paisa intraday range and closed with gain. For tomorrow, euro future above 85.5 remains buy.

 

GBPINR March expiry future last closed at 102.38 with gain of 46 paisa. In intraday MCX-SX Pound-rupee, future hit high at 102.89 while low was at 101.55. Total 135-paisa intraday range and closed with gain. For tomorrow pound, future is buy for target 103.

 

JPYINR March expiry future last closed at 59.8 with 6 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 59.84 while low was at 59.41. Total 43-paisa intraday range and closed with loss. For tomorrow yen, future may continue its recovery rally.

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Pramod Baviskar

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