DAILY FOREX REPORT 4TH JANUARY 2013
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HEADLINES Indian Rupee slightly lower on short-covering, oil demand Indian Rupee continues to trade stronger on the day at 54.42/43 versus its previous close of 54.35/36 as some investors cover short dollar positions after the recent fall in the pair. Dollar buying from oil refiners is also aiding the pair. Mild loss in domestic shares and broad optimism on expectations of a rate cut later this month are keeping sentiment for the dollar subdued, limiting a very sharp rise. Domestic shares are trading up 0.2 per cent. Rupee falls by 10 paise against dollar in early
TRADING TIPS SELL USD/INR BELOW 54.70 FOR TGT 54.55/54.40 SL 54.85 PAST PERFORMANCE SELL EUR/INR BELOW 72.20 FOR TGT 72.05/71.90 SL 72.35 UNEXECUTED
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trade The rupee depreciated by 10 paise to 54.45 against the US dollar in early trade today on the Interbank Foreign Exchange due to appreciation of the American currency against the euro and other currencies in overseas markets. Dealers attributed the rupee's fall to dollar gains against the euro overseas and sustained demand for the American currency from importers.
REFERENCE RATE As on 3RD January 2013 UNDERLYING
RATE
USDINR
54.4153
EURINR
71.4945
GBPINR
88.2888
JPYINR
62.3600
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DAILY MARKET STATISTICS PRODUCT NAME
EXP DATE
Symbol
Series/Expiry
CHANA
7/19/2012
EURINR
OPEN
HIGH
LOW
Unit
Open
4556
29-Jan-2013
4573
1 EUR
4525
72.1000
CHILLI
7/19/2012
5060
5060
GUR
7/19/2012
1188
1188
JEERA
7/19/2012
14955
14960
EURINR
GBPINR
26-Feb-2013
1 EUR
29-Jan-2013
1 GBP 1044
5018 1178
71.9000
14650
88.6300 1053
High 4560
72.1000
5120
1183.5
72.9100
15052.5
88.7000
LTP
Low 4532
71.4500 5018 1178
71.9000 14800
88.3900
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255588.7825 7/19/2012 42250 88.9600 42390
88.7100 42435
REF SOYA
7/19/2012
780.5
783.6
SOY BEAN
7/19/2012
4309
4330
JPYINR
JPYINR TURMERIC
29-Jan-2013
26-Feb-2013
100 JPY
100 JPY
1035
CLOSE
777.4
62.6700
4265.5
62.8000 4518
4303
63.2650
781.3
62.5500 4315
62.7625
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 54.5300 1251 54.7900 1246
USDINR
26-Feb-2013
1 USD
54.7600
USDINR
27-Mar-2013
1 USD
55.1100
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4676
782.85
63.0700
CHG
Close -28
71.7075
PERCENTAGE CHANGE
Prev. Close -0.61
72.2125
-102
-1.99
-5.5
-0.46
-252.5
-1.68
71.9600
88.4875 -8
72.4425
88.8275 -0.76
88.7475 45
89.0600 0.11
-1.55
-0.2
12
0.28
62.9725
63.1525
62.6775
62.8675
-124
-2.66
54.5225 1282
54.7300 36
2.89 54.5675
55.0350
54.7600
54.9675
54.8075
55.2800
55.0575
55.2175
55.0750
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DAILY USD/INR CHART
ANALYSIS OPEN: 54.5600 HIGH: 54.7900 LOW: 54.5225 CLOSE: 54.7300
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 71.6775 HIGH: 71.9250 LOW: 71.4500 CLOSE: 71.7075
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
12:30am
USD
FOMC Meeting Minutes
7:00pm
USD
7:00pm
ACTUAL
FORECAST
PREVIOUS
Non-Farm Employment Change
135K
146K
USD
Unemployment Rate
7.7%
7.7%
8:30pm
USD
ISM Non-Manufacturing PMI
54.3
54.7
9:30pm
USD
Crude Oil Inventories
-1.6M
-1.0M
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