Currency forecast for 7 March 2014

MCX-SX Currency forecast, rupee predictions, INR outlook, forex levels and FX technical analysis for 7 March 2014.

Currency forecast for 7 March 2014

USDINR March expiry future last closed at 61.33 with 62 paisa loss. Today in Intraday MCX-SX Dollar-rupee future hit high at 61.75 while low was 61.32. Total 43-paisa intraday range and closed with loss. For tomorrow, US dollar may show sharp bounce back as prices are in oversold zone.

 

EURINR March future last closed at 84.28 with loss of 70 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 84.74 while low was 84.22. Total almost 52-paisa intraday range and closed with loss. For tomorrow, euro future below 84.5 remains sell.

 

GBPINR March expiry future last closed at 102.58 with loss of 76 paisa. In intraday MCX-SX Pound-rupee, future hit high at 103.2 while low was at 102.52. Total 50-paisa intraday range and closed with loss. For tomorrow pound, future below 102.8 remains sell.

 

JPYINR March expiry future last closed at 59.75 with 79 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 60.18 while low was at 59.75. Total 43-paisa intraday range and closed with loss. For tomorrow yen, future may show bounce back as looks technically oversold.

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Pramod Baviskar

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