Currency outlook 25 February 2014

MCX-SX Currency outlook, rupee predictions, INR forecast, forex levels and FX technical analysis for 25 February 2014.

Currency outlook 25 February 2014

USDINR February expiry future last closed at 62.07 with 4 paisa loss. Today in Intraday MCX-SX Dollar-rupee future hit high at 62.19 while low was 61.92. Total 27-paisa intraday range and closed with loss. For tomorrow, US dollar may continue to correction because of dollar inflow.

 

EURINR February future last closed at 85.28 with gain of 14 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.44 while low was 85.1. Total almost 34-paisa intraday range and closed with gain. For tomorrow, euro future may continue its upward trend on bullish buying momentum.

 

GBPINR February expiry future last closed at 103.34 with loss of 25 paisa. In intraday MCX-SX Pound-rupee, future hit high at 103.52 while low was at 103.04. Total 48-paisa intraday range and closed with loss. For tomorrow pound may show some correction up to 103.

 

JPYINR February expiry future last closed at 60.59 with 4 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 60.85 while low was at 60.45. Total 40-paisa intraday range and closed with loss. For tomorrow yen future, remain under pressure on recovery of equity markets and weaker yen.

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