S
DAILY FOREX REPORT 21ST JANUARY 2013
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HEADLINES Rupee remains near 2-1/2 month high vs dolla The rupee is trading at 53.92/93, close to the day's high of 53.85, its highest since November 2 and higher compared to its previous close of 54.3850/3950.Traders say gains in domestic shares helped bring in dollar inflows and offsetting demand from oil firms. Local shares were trading up 0.5 per cent. Gains in most Asian currencies and shares are following strong data in the US and China also aiding sentiment for the rupee. Rupee hits 2-1/2 month high; diesel price hike boosts
TRADING TIPS SELL USD/INR BELOW 53.85 FOR TGT 53.70/53.55 SL 54.05 PAST PERFORMANCE SELL EUR/INR BELOW 72.64 FOR TGT 72.49/72.34 SL 72.84 UNEXECUTED
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The rupee strengthened to its highest level in near twoand-half months on Friday, breaching the key 54-perdollar mark, on continued bullishness a day after the government partially deregulated diesel prices. At 9:41 a.m. (0411 GMT), the partially convertible rupee was at 53.98/99 per dollar, after hitting 53.95, its strongest since Nov. 2 and sharply up from its previous close of 54.3850/3950.Traders said the hike in diesel prices would gradually bring down the large fiscal deficit and was a key positive for the rupee.
REFERENCE RATE As on 18THJanuary 2013 UNDERLYING
RATE
USDINR
53.9465
EURINR
72.2050
GBPINR
86.2416
JPYINR
59.9100
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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
72.5100
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
72.7025
14650
86.6400 1053
High 4560
72.5125
5120
1183.5
72.7925
15052.5
86.6400
LTP
Low 4532
71.8800 5018 1178
72.1675 14800
85.8000
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255587.0050 7/19/2012 42250 87.0050 42390
86.1550 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
60.4325
4265.5
60.8700 4518
4303
60.8700
781.3
59.8325 4315
60.1525
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 54.3200 1251 54.3200 1246
USDINR
26-Feb-2013
1 USD
54.5725
USDINR
27-Mar-2013
1 USD
54.8450
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4676
782.85
60.4325
CHG
Close -28
71.9425
PERCENTAGE CHANGE
Prev. Close -0.61
72.6475
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.2425
85.8425 -8
72.9300
87.1100 -0.76
86.1750 45
87.4275 0.11
-1.55
-0.2
12
0.28
60.0150
60.2975
60.9475
61.2275
-124
-2.66
53.8250 1282
53.8575 36
2.89 54.3875
54.5725
54.0800
54.1125
54.6525
54.8475
54.3750
54.4150
54.9425
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DAILY USD/INR CHART
ANALYSIS OPEN: 54.2450 HIGH: 54.2450 LOW: 53.8250 CLOSE: 53.8575
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.5100 HIGH: 72.5125 LOW: 71.8800 CLOSE: 71.9425
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
12:30pm
EUR
German PPI m/m
All Day
EUR
Eurogroup Meetings
All Day
USD
Bank Holiday
8:25pm
USD
Prelim UoM Inflation Expectations
USD
Crude Oil Inventories
9:30pm Disclaimer
ACTUAL
FORECAST
PREVIOUS -0.1%
3.2% -1.6M
-1.0M
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