Currency report 6 June 2014

Currency report 6 June 2014

Currency report 6 June 2014

 

USDINR June expiry future last closed at 59.43 with 16 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 59.71 while low was 59.38. Total 33-paisa intraday range and closed with loss. For tomorrow, stay short with strict stop loss 59.9.

 

EURINR June future last closed at 80.88 with loss of 30 paisa. In Intraday MCX-SX Euro-rupee future hit high at 81.05 while low was 80.79. Total almost 26-paisa intraday range and closed with loss. Euro below 81 may remain bearish.

 

GBPINR June expiry future last closed at 99.63 with loss of 20 paisa. In intraday MCX-SX Pound-rupee, future hit high at 99.85 while low was at 99.5. Total 35-paisa intraday range and closed with loss. For tomorrow, stay short on pound with stop loss just above 100.

 

JPYINR June expiry future last closed at 58.05 with 3 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 58.18 while low was at 57.93. Total 25-paisa intraday range and closed with loss. Yen below 58.5 will remain sell on rise.

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Pramod Baviskar

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