INR outlook for 27 November 2013

 INR outlook for 27 November 2013

Mcx-sx USD/INR Technical forecasts

USD/INR November expiry future last closed at 62.54 with gains of 6 paisa. Today in intraday MCX-SX Dollar Rupee future hit high at 62.55 while low was at 62.25.total 30-paisa intraday range and closed with gains. For tomorrow, expect some upside for dollar as equity market outflow triggered demand.

Mcx-sx EUR/INR Technical forecasts

EUR/INR November future last closed at 84.68 with gains of 23 paisa. In Intraday MCX-SX euro rupee future hit high at 84.7 while low was at 84.25. Total 45-paisa intraday range and closed with gains. For tomorrow, expect higher levels upto 85.2.

Mcx-sx GBP/INR Technical forecasts

GBP/INR November expiry future last closed at 101.13 with loss of 4 paisa. In intraday MCX-SX Pound Rupee future made high at 101.15 while low was at 100.57. Total 58-paisa intraday range and closed with loss as pound slips in international market. For tomorrow above 101 keep buy on dips view for this pair.

Mcx-sx JPY/INR Technical forecasts

JPY/INR November expiry future last closed at 61.7 with gains of 30 paisa. Today MCX-SX Yen Rupee future pair made high at 61.72 while low was at 61.32.total 40-paisa intraday range and closed with gains as yen recovered against US dollar. Here expect rally to continue upto 62.2.

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Pramod Baviskar

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