currency forecast for 25 jul 2013

currency forecast for 25 jul 2013

 

mcx-sx usd inr forecasts

usdinr jul expiry future last closed at 59.13 with loss of 69 paise.in intraday mcx-sx usdinr future made high at 59.65 while low was 59.04.total 61 paise intraday range and closed with loss as rbi putting pressure on speculative dollar positions.here downside may continue and expect 58.7 to 58 levels on downside.

mcx-sx eur inr forecasts

eurinr jul expiry future last closed at 78.28 with loss of 55 paise.in intraday mcxsx euro rupee future made high at 78.75 while low was 78.16.total 59 paise intraday range and closed with losses as rupee gains on intervention.here stay short and expect targets below 78.

mcx-sx gbp inr forecasts

gbpinr jul expiry future last closed at 90.77 with loss of 1.10 rupee.in intraday mcxsx pound rupee future made high at 91.59 while intraday low was 90.66.total 93 paise intraday range and pound tumbles on double blow.here expect lower levels upto 89 and below as rupee twisting.

mcx-sx jpy inr forecasts

jpyinr jul expiry future last closed at 59.1 with loss of 74 paise.in intraday mcxsx yen rupee future made high at 59.81 while low as 59.06.total 75 paise intraday range and yen weakness started.here stay short with stoploss for target 58.5 and below for tomorrow’s trade.

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Pramod Baviskar

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