Currency forecast for 19 March 2014

MCX-SX Currency forecast, rupee predictions, INR outlook, forex levels and FX technical analysis for 19 March 2014.

Currency forecast for 19 March 2014

USDINR March expiry future last closed at 61.33 with 3 paisa gain. Today in Intraday MCX-SX Dollar-rupee future hit high at 61.36 while low was 61.02. Total 34-paisa intraday range and closed with gain. For tomorrow, US dollar may continue to gains, on risk-off trades in the markets.

 

EURINR March future last closed at 85.23 with gain of 12 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.27 while low was 85.97. Total almost 30-paisa intraday range and closed with gain. For tomorrow, euro future above 85 remains buy.

 

GBPINR March expiry future last closed at 101.82 with gain of 3 paisa. In intraday MCX-SX Pound-rupee, future hit high at 101.9 while low was at 101.55. Total 45-paisa intraday range and closed with gain. For tomorrow pound, future above 101.6 remains buy.

 

JPYINR March expiry future last closed at 60.48 with 6 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 60.56 while low was at 59.93. Total 63-paisa intraday range and closed with gain. For tomorrow yen, future above 60 remain strong bullish.

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Pramod Baviskar

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