Currency futures view 2 Sep 2014
USDINR Sep expiry future last closed at 60.88 with 9 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 60.9 while low was 60.78. Total 12-paisa intraday range and closed with loss. For tomorrow, below 61.1 keep short view for intraday.
EURINR Sep future last closed at 79.97 with loss of 42 paisa. In Intraday MCX-SX Euro-rupee future hit high at 80.2 while low was 79.8. Total almost 40-paisa intraday range and closed with loss. For intraday expect downside up to 79.5 to 79.4.
GBPINR Sep expiry future last closed at 101.11 with gain of 3 paisa. In intraday MCX-SX Pound-rupee, future hit high at 101.18 while low was at 100.89. Total 29-paisa intraday range and closed with gain. Medium term traders keep buy on decline view.
JPYINR Sep expiry future last closed at 58.39 with 41 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 58.6 while low was at 58.34. Total 26-paisa intraday range and closed with loss. Keep sell on rise view here for deep downside.