Currency outlook 12 November 2013

Currency outlook 12 November 2013

mcx-sx usd inr Technical forecasts

usdinr November expiry future last closed at 63.75 with gains of 72 paise.in intraday mcx sx dollar rupee future made high at 63.81 while low was at 63.1.total 71 paise intraday range and closed at high.here expect another sharp short covering rally and levels upto 64.5.

mcx-sx eur inr Technical forecasts

eurinr November future last closed at 85.34 with gains of 72 paise.in intraday mcx sx euro rupee future made high at 85.37 while low was at 84.68.total almost 70 paise intraday range and closed with gains.if rupee remain weak then expect euro rally upto 87.

mcx-sx gbp inr Technical forecasts

gbpinr November expiry future last closed at 101.89 with gains of 60 paise.in intraday mcx sx pound rupee future made high at 102.13 while low was at 101.5.total 63 paise intraday range and closed with gains as expected.here expect 104-105 levels as upside targets.

mcx-sx jpy inr Technical forecasts

jpyinr November expiry future last closed at 64.26 with gains of 3 paise.in intraday mcx sx yen rupee future made high at 64.46 while low was at 64.total 46 paise intraday range and closed with gains.here expect upside upto 65+.

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Pramod Baviskar

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