rupee forecast for 10 nov. 2014

rupee forecast for 10 nov. 2014

USD INR Nov. expiry future last closed at 61.84 with 20 paisa gain. In Intraday MCX-SX Dollar-rupee future hit high at 61.87 while low was 61.66. Total 21-paisa intraday range and closed with gain. For tomorrow, stay long for target 62+.

EUR INR Nov. future last closed at 76.69 with loss of 32 paisa. In Intraday MCX-SX Euro-rupee future hit high at 76.75 while low was 76.33. Total almost 43-paisa intraday range and closed with gain. For intraday expect bounce back.

GBP INR Nov. expiry future last closed at 97.84 with loss of 10 paisa. In intraday MCX-SX Pound-rupee, future hit high at 97.94 while low was at 97.59. Total 35-paisa intraday range and closed with loss. Expect bounce back up to 98+.

JPY INR Nov. expiry future last closed at 53.73 with 19 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 53.78 while low was at 53.47. Total 31-paisa intraday range and closed with loss. For intraday buy near 53.5.

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Pramod Baviskar

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