Intraday currency view 1 Sep 2014
USDINR Sep expiry future last closed at 60.90 with 8 paisa gain. In Intraday MCX-SX Dollar-rupee future hit high at 61.07 while low was 60.70. Total 37-paisa intraday range and closed with loss. For Monday, expect correction up to 60.5.
EURINR Sep future last closed at 80.31 with gain of 16 paisa. In Intraday MCX-SX Euro-rupee future hit high at 80.48 while low was 80.21. Total almost 27-paisa intraday range and closed with gain. Expect recovery for euro in upcoming days.
GBPINR Sep expiry future last closed at 100.99 with gain of 15 paisa. In intraday MCX-SX Pound-rupee, future hit high at 101.23 while low was at 100.75. Total 50-paisa intraday range and closed with gain. Medium term traders keep buy on decline view.
JPYINR Sep expiry future last closed at 58.77 with 23 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 58.98 while low was at 58.56. Total 32-paisa intraday range and closed with gain. Keep sell on rise view here for deep downside.