Currency view 28 aug 2014

Currency view 28 aug 2014

Currency view 28 aug 2014

USDINR Sep expiry future last closed at 60.81 with 9 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 60.89 while low was 60.75. Total 14-paisa intraday range and closed with loss. For tomorrow, expect downside up to 60.4.

 

EURINR Sep future last closed at 80.14 with loss of 25 paisa. In Intraday MCX-SX Euro-rupee future hit high at 80.24 while low was 80.06. Total almost 18-paisa intraday range and closed with loss. Expect recovery for euro in upcoming days.

 

GBPINR Sep expiry future last closed at 100.83 with loss of 2 paisa. In intraday MCX-SX Pound-rupee, future hit high at 100.88 while low was at 100.56. Total 32-paisa intraday range and closed with loss. Medium term traders keep buy on decline view.

 

JPYINR Sep expiry future last closed at 58.54 with 9 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 58.6 while low was at 58.47. Total 13-paisa intraday range and closed with loss. Keep sell on rise view with stop loss of 59 rupees.

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Pramod Baviskar

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