Currency report 11 June 2014

Currency report 11 June 2014

Currency report 11 June 2014

 

USDINR June expiry future last closed at 59.37 with 10 paisa gain. In Intraday MCX-SX Dollar-rupee future hit high at 59.5 while low was 59.21. Total 29-paisa intraday range and closed with gain. For tomorrow, stay long with stop loss below 59.

 

EURINR June future last closed at 80.44 with loss of 33 paisa. In Intraday MCX-SX Euro-rupee future hit high at 80.91 while low was 80.38. Total almost 53-paisa intraday range and closed with loss. Euro below 81 may remain bearish.

 

GBPINR June expiry future last closed at 99.69 with gain of 1 paisa. In intraday MCX-SX Pound-rupee, future hit high at 100.05 while low was at 99.61. Total 44-paisa intraday range and closed with gain. For tomorrow, stay short on pound with stop loss just above 100.

 

JPYINR June expiry future last closed at 58.05 with 13 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 58.23 while low was at 57.99. Total 24-paisa intraday range and closed with gain. Yen above 57.5 rupee will remain buy and accumulate.

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Pramod Baviskar

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