Rupee futures view for 4 Sep. 2014

Rupee futures view for 4 Sep. 2014

USDINR Sep expiry future last closed at 60.79 with 24 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 61.01 while low was 60.66. Total 35-paisa intraday range and closed with loss. For tomorrow, stay short with stop loss of 60.9.

EURINR Sep future last closed at 80 with loss of 4 paisa. In Intraday MCX-SX Euro-rupee future hit high at 80.07 while low was 79.78. Total almost 29-paisa intraday range and closed with loss. For intraday below 80.5 stay short.

GBPINR Sep expiry future last closed at 100.05 with loss of 79 paisa. In intraday MCX-SX Pound-rupee, future hit high at 100.38 while low was at 99.92. Total 46-paisa intraday range and closed with loss. Here pound below 100 rupee can slip up to 98-rupee levels.

JPYINR Sep expiry future last closed at 57.93 with 26 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 58.21 while low was at 57.75. Total 46-paisa intraday range and closed with loss. Watch 57.7 major supports zone for intraday.

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Pramod Baviskar

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