S
DAILY FOREX REPORT 23RD JANUARY 2013
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HEADLINES Rupee erases gains on state-run banks' dollar demand Dollar demand from state-run banks erased most of rupee's early gains. The rupee is at 53.64/65, pulling back from the day's low of 53.375 following the government's announcement of raising import duty on gold, a key source of dollar demand after oil in India. The rupee had closed at 53.765/775 on Monday. "Market went excessive short in the morning. So there is some covering up now," says a dealer with a foreign bank. The government has
TRADING TIPS BUY USD/INR BELOW 53.75 FOR TGT 53.90/54.05 SL 53.55 PAST PERFORMANCE SELL USD/INR BELOW 53.87 FOR TGT 53.77/53.67 SL 54.07 UNEXECUTED
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raised the import tax on gold by 2 percentage points to 6 per cent to curb purchases and rein in a ballooning fiscal deficit, but industry officials expect only a moderate drop in demand.
REFERENCE RATE As on 22ND January 2013 UNDERLYING
RATE
USDINR
53.5115
EURINR
71.4275
GBPINR
84.8478
JPYINR
59.9800
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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
71.5400
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
71.7775
14650
85.1450 1053
High 4560
71.8500
5120
1183.5
72.1250
15052.5
85.2975
LTP
Low 4532
71.2500 5018 1178
71.5500 14800
84.6900
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255585.4800 7/19/2012 42250 85.6250 42390
85.0625 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
60.1000
4265.5
60.4000 4518
4303
61.1525
781.3
59.3900 4315
59.6900
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 53.7450 1251 53.8475 1246
USDINR
26-Feb-2013
1 USD
54.0175
USDINR
27-Mar-2013
1 USD
54.2600
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4676
782.85
60.8800
CHG
Close -28
71.8075
PERCENTAGE CHANGE
Prev. Close -0.61
71.7550
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.0650
85.2300 -8
72.0375
85.6175 -0.76
85.5800 45
85.9325 0.11
-1.55
-0.2
12
0.28
60.5625
60.8800
60.3000
60.5325
-124
-2.66
53.4125 1282
53.7550 36
2.89 53.9225
54.0925
53.6700
54.0000
54.1650
54.3800
53.9700
54.2900
54.4475
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DAILY USD/INR CHART
ANALYSIS OPEN: 53.6600 HIGH: 53.8475 LOW: 53.4125 CLOSE: 53.7550
USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS
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DAILY EUR/INR CHART
ANALYSIS OPEN: 71.5400 HIGH: 71.8500 LOW: 71.2500 CLOSE: 71.8075
EUR/INR LOOKS SIDEWAYS TREND: CONSLODATED STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
3:00pm
GBP
3:00pm
ACTUAL
FORECAST
PREVIOUS
Claimant Count Change
0.3K
-3.0K
GBP
MPC Meeting Minutes
0-0-9
0-0-9
7:30pm
USD
HPI m/m
0.7%
0.5%
8:30pm
EUR
Consumer Confidence
-25
-27
9:00pm
USD
Crude Oil Inventories
-1.6M
-1.0M
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