Free currency tips for 6 Aug 2014

Free currency tips for 6 Aug 2014

Free currency tips for 6 Aug 2014

USDINR Aug. expiry future last closed at 61.11 with 14 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 61.27 while low was 60.96. Total 31-paisa intraday range and closed with loss. For tomorrow, expect 30-40 paisa downside for dollar.

 

EURINR Aug. future last closed at 81.82 with loss of 36 paisa. In Intraday MCX-SX Euro-rupee future hit high at 82.22 while low was 81.64. Total almost 60-paisa intraday range and closed with loss. Stay short with strict stop loss.

 

GBPINR Aug. expiry future last closed at 103.06 with gain of 7 paisa. In intraday MCX-SX Pound-rupee, future hit high at 103.29 while low was at 102.68. Total 60-paisa intraday range and closed with gain. Pound is showing strength so expect short covering rally ahead.

 

JPYINR Aug. expiry future last closed at 59.51 with 17 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 59.75 while low was at 59.43. Total 30-paisa intraday range and closed with loss. Yen may show downside up to 59 on fresh weakness.

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Pramod Baviskar

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