Post poll rupee strategy for 13 May 2014

Post poll rupee strategy for 13 May 2014

Post poll rupee strategy for 13 May 2014

 

USDINR May expiry future last closed at 59.96 with 19 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 60.11 while low was 59.61. Total 50-paisa intraday range and closed with loss. For tomorrow, stay below 60.5 keep sell on rise view for dollar.

 

EURINR May future last closed at 82.52 with loss of 43 paisa. In Intraday MCX-SX Euro-rupee future hit high at 83 while low was 82.05 Total almost 95-paisa intraday range and closed with loss. Euro below 83 will remain bearish against rupee.

 

GBPINR May expiry future last closed at 101.28 with loss of 23 paisa. In intraday MCX-SX Pound-rupee, future hit high at 101.56 while low was at 100.53. Total 103-paisa intraday range and closed with loss. For tomorrow, blow 102 stay short.

 

JPYINR May expiry future last closed at 58.84 with 31 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 58.93 while low was at 58.47. Total 46-paisa intraday range and closed with loss. Yen is heading towards 58-57 levels.

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Pramod Baviskar

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