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Mar 11, 2013, 09.22 AM IST | Source: Moneycontrol.com

USDINR Mar Fut may test 54.90-55.20: Emkay

Emkay Global Financial Services has come out with its report on currency. The research firm says USDINR March Future price is likely to trade sideways to higher towards 54.90 followed by 55.20 levels in near future. Strong support is at 54.50.

Emkay Global Financial Services has come out with its report on currency. The research firm says USDINR March Future price is likely to trade sideways to higher towards 54.90 followed by 55.20 levels in near future. Strong support is at 54.50.

USDINR spot: Spot USDINR is expected to trade sideways to higher towards 54.50 followed by 54.85 levels in near term as price has tested almost key levels of 54.26, where 100-Day EMA falls.

USDINR Mar: Mar price is likely to trade sideways to higher towards 54.90 followed by 55.20 levels in near future. Strong support is at 54.50.

EURINR Mar: EURINR prices could trade sideways to lower for the day and is expected to test 71.20 followed by 71.00 levels.

GBPINR Mar: GBPINR is likely to extend its short term declines towards 81.50 followed by 81.00 levels. Any intraday gains could cap at 82.40.

JYPINR Mar: Mar JPYINR remains weak with the price objective of 56.60 followed by 56.00 levels. Any gains could cap at 57.40 levels.

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