Indian rupee future forecast and tips for tomorrow
NSE dollar rupee July future closed at 63.98 with loss. Today we seen 10 paisa narrow range and closed with loss. For tomorrow 63.7 is support and 64.2 is intraday resistance. Outlook is bullish for us dollar on Greece default fear.
Euro rupee July future closed at 71.63 with 5 paise loss. Intraday high was at 71.8 while low was at 71.28. Total 50 paisa plus intraday range and closed with loss as euro under pressure due to Greece debt talk.
Pound rupee July future closed at 100.47 with loss of 33 paisa. Intraday gbp inr high was at 100.6 while low was at 100.18. Total 42 paisa intraday range and closed with loss. Pound is correcting and rupee sees dollar inflow on strong equity market. So keep bearish view here with strict stop loss in place.
Yen rupee July future closed at 51.77 with 11 paisa gain. Here keep buy on dips view for target 52.5 and above. Yen showing resilience to selling and bouncing back from historic lows. 50.8 is positional support and above it keep buy and accumulate view for July currency series.