Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
26 April, 2024 18:44 IST
How to trade in USDINR futures
Source: IRIS | 21 Oct, 2014, 10.20AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Dollar-rupee futures weakened on Tuesday against US dollar. USDINR October contract went down 16 paise or 0.26 percent at 61.30 as against previous close of 61.46. The most active October contract witnessed a high of 61.3675 and a low of 61.2925 after opening at 61.33.

Sushil Finance expects USDINR is likely to trade on the positive note on the back of global worries and widening trade deficit.

ICICIdirect expects the US dollar to garner buying support on declines against the rupee. ''Utilize declines in the USD/INR October contract to buy. Buy USD/INR October futures in the range of 61.10-61.20 with target 61.35-61.55.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer