Indian rupee futures forecast and trading advice for tomorrow
NSE usd inr future closed at 63.63 with flat gains. In intraday dollar rupee pair hit high around 63.73 while low was at 63.6. Total 13 paisa intraday range and closed with gain. Here keep long view as dollar is getting stronger in international market and that will going affect emerging market currencies. RBI intervention is reason to worry for traders. Keep stop loss below 63.5 for long in usd inr future.
NSE euro rupee future closed at 71.28 with 9 paisa loss. Intraday high was at 71.46 while low was at 71.15. Total 30 paise intraday range and euro continue downtrend on fresh selling. Here keep bearish view and below 72 level expect downside up to 70 rupee.
NSE pound rupee future closed at 100.28 with loss of 13 paisa. Today’s gbp high was at 100.6 while low was at 100.17. Total 40 paisa plus intraday range and closed with loss. Pound and euro might remain weak against strong us dollar. Same might get reflected in Indian currency market.
NSE yen rupee future closed at 51.35 with loss of 10 paisa. Intraday high of yen was 51.49 while low was 51.32. Narrow range suggesting resilient yen so here now reverse then view and follow buy on dips strategy.