Currency outlook 11 February 2014

Currency outlook 11 February 2014

USDINR February expiry future last closed at 62.62 with 17 paisa gain. Today in Intraday MCX-SX Dollar-rupee future hit high at 62.67 while low was 62.26. Total 41-paisa intraday range and closed with gain. For tomorrow, US dollar future may continue its reversal rally because of outflow.

 

EURINR February future last closed at 85.37 with gain of 37 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.4 while low was 84.85. Total almost 55-paisa intraday range and closed with gain. For tomorrow, euro future may continue bull march as rupee seeing some supply from market.

 

GBPINR February expiry future last closed at 102.68 with gain of 61 paisa. In intraday MCX-SX Pound-rupee, future hit high at 102.71 while low was at 102.19. Total 52-paisa intraday range and closed with gain. For tomorrow pound, future may show high level up to 103+.

 

JPYINR February expiry future last closed at 61.3 with 15 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 61.46 while low was at 60.84. Total 60-paisa intraday range and closed with gain. For tomorrow yen, future may extend gains up to 61.6-61.7 zone.

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Pramod Baviskar

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