Rupee technical analysis 25 April 2014

Rupee technical analysis 25 April 2014
Rupee technical analysis 25 April 2014

USDINR April expiry future last closed at 61.1 with 23 paisa gain. In Intraday MCX-SX Dollar-rupee future hit high at 61.2 while low was 60.89. Total 31-paisa intraday range and closed with gain. On 24th currency, market will remain closed on event of general election voting in Financial capital of India so on 25th expect another upside for us dollar on outflow.

 

EURINR April future last closed at 84.58with gain of 48 paisa. In Intraday MCX-SX Euro-rupee future hit high at 84.62 while low was 82.03. Total almost 59-paisa intraday range and closed with gain. Euro is inching towards major zone of 85-86.

 

GBPINR April expiry future last closed at 102.67 with gain of 27 paisa. In intraday MCX-SX Pound-rupee, future hit high at 102.86 while low was at 102.47. Total 50-paisa intraday range and closed with gain. On upside 103 will be strong supply zone.

 

JPYINR April expiry future last closed at 59.8 with 43 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 59.85 while low was at 59.38. Total 50-paisa intraday range and closed with gain. Swing traders watch 60 as major breakout level for target 62.

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