Currency outlook 6 February 2014

Currency outlook 6 February 2014

MCX-SX Rupee technical analysis 6 Feb. 2014

USDINR February expiry future last closed at 62.83 with 5 paisa loss. Today in Intraday MCX-SX Dollar-rupee future hit high at 62.86 while low was 62.64. Total 22-paisa intraday range and closed with loss. For tomorrow, US dollar future is sell with 63 as stop loss and 62.5 as target.

 

EURINR February future last closed at 84.88 with loss of 10 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 84.91 while low was 84.6. Total almost 31-paisa intraday range and closed with loss. For tomorrow, euro future is sell with Stop loss will be 85.5 and target will be 84.

 

GBPINR February expiry future last closed at 102.24 with loss of 48 paisa. In intraday MCX-SX Pound-rupee, future hit high at 102.56 while low was at 101.93. Total 63-paisa intraday range and closed with loss. For tomorrow pound future is sell with Stop loss will be 102.8 and for target 101.5.

 

JPYINR February expiry future last closed at 62.08 with 2 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 62.1 while low was at 61.73. Total 37-paisa intraday range and closed with gain. For tomorrow yen, future is sell with strict Stop loss of 62.5 for target 61.5.

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