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Friday 23 September 2011

Currency Update and View for Next week - Kedar K Murdeshwar

24th Sept,2011 Saturday

Currency Updates (for the next week)

US Dollar:On 23rdSept it closed at 50.01.I had predicted a Resistance near 49.50 and 49.60,from where the Rupee will appreciate.This time I would like to make a point that Rupee may still depreciate to 50.22 in the coming week.

UK Pound:Rupee has depreciated against the UK Pound and closed at 77.17 on Friday.However,the UK Pound is near to its resistance of 77.48.The Rupee may depreciate to this level in the coming week.

NZ Dollar:The rupee appreciated against NZ Dollar to close at 39.49 on Friday.The rupee may Still appreciate against the NZ Dollar

EURO:The Rupee continues with its Depreciation against Euro and close at 67.57 on Friday.It may depreciate further in the coming week and has a resistance 68.64.

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