nse currency outlook for tomorrow 23 june 2015
NSE usd inr future closed at 63.64 with gains. In intraday, dollar rupee future hit high around 63.7 while low was at 63.58. Total 12 paisa intraday range and closed with gain. Here us dollar showing resilience suggesting reversal. So stay long with stop loss below 63.5 for target 64.1.
Euro rupee future closed at 71.36 with 1% loss in intraday. Here expect another sharp decline on weak euro. On downside 70 and below levels are possible in short term. For intraday 71.8 is strong resistance.
Pound rupee future closed at 100.45 with loss of 8 paisa. Here also same view like euro. As us dollar showing rally in international market. Expect euro and sterling to remain under pressure.
Yen rupee future closed at 51.54 with loss of 13 paisa. Here also strong dollar pushing yen to lows. So stay short with strict stop loss in place. High volatility is expected ahead.