Currency forecast for 4 March 2014

MCX-SX Currency forecast, rupee predictions, INR outlook, forex levels and FX technical analysis for 4 March 2014.

4 March 2014

USDINR March expiry future last closed at 62.36 with 15 paisa gain. Today in Intraday MCX-SX Dollar-rupee future hit high at 62.12 while low was 62.36. Total 24-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 85.6 with gain of 9 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.93 while low was 85.61. Total almost 32-paisa intraday range and closed with gain. For tomorrow, euro future above 85.5 remains buy.

 

GBPINR March expiry future last closed at 104.32 with gain of 36 paisa. In intraday MCX-SX Pound-rupee, future hit high at 104.38 while low was at 103.92. Total 46-paisa intraday range and closed with gain. For tomorrow pound, future is buy for target 104.9.

 

JPYINR March expiry future last closed at 61.6 with 53 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 61.64 while low was at 61.24. Total 40-paisa intraday range and closed with gain. For tomorrow yen, future may show correction of 30-40 paisa.

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Pramod Baviskar

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