Active MCX-SX Nov’09 futures closed at 47.06. Immediate supports are around 46.70/46.80 followed by 46.50/46.60. Immediate resistance falls around 47.30/47.40 followed by 47.70/47.80 levels.
The MCX-SX INR Nov’09 rupee futures registered an open interest of 347151 for the session. It registered an increase in volume by 17.80 % over its earlier session. MCX-SX Dec’09 Rupee futures closed towards 47.15.
Earlier, November Rupee futures opened 25 paisa weaker to its previous close at 47.33. The BSE Sensex opened at 15658, 254 points down from its previous close.
The rupee eased in early trade on Thursday tracking lower regional share markets. The MSCI index of Asian stocks ex-Japan was trading down 0.8%, while the Nifty India stock futures traded in Singapore were 0.6 per cent lower.
The dollar index, a gauge of the US unit's performance versus six majors, was up 0.3 per cent. The dollar and the yen edged up on Thursday as short-term investors and Japanese exporters sold into a rally in the euro and higher-yielding currencies which followed a repeated pledge by the US Fed to keep rates low for a while.
Courtesy : Commtrendz Research
