S
DAILY FOREX REPORT 1STFEBRUARY 2013
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HEADLINES Rupee falls from 3-1/2 month high vs dollar The rupee is trading at 53.36/37 versus its previous close of 53.30/31, falling sharply from the day's high of 53.07, which was its strongest since Oct. 18.Traders say gains in the dollar versus most other Asian currencies seen hurting sentiment for the rupee. Month-end dollar demand from oil firms are also adding to the downward pressure on the rupee. Domestic shares were trading down 0.4 percent, boosting the pair further. Rupee trims initial gains vs dollar, still up by 9 paise
TRADING TIPS SELL USD/INR BELOW 53.39 FOR TGT 53.24/53.09 SL 53.59 PAST PERFORMANCE SELL USD/INR BELOW 53.52 FOR TGT 53.37/53.22 SL 54.72 TARGET ACHIEVED
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The rupee trimmed its initial gains against the American currency but was still quoted up by nine paise to 53.21 per dollar on mild selling of dollars from banks and exporters in view of persistent capital inflows from foreign funds.
REFERENCE RATE As on 31ST January 2013 UNDERLYING
RATE
USDINR
53.2890
EURINR
72.2325
GBPINR
84.2233
JPYINR
58.6600
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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
26-Feb-2013
4573
1 EUR
4525
72.6500
High 4560
72.6500
Low 4532
72.2250
7/19/2012
5060
5060
GUR
7/19/2012
1188
1188
JEERA
7/19/2012
14955
14960
GBPINR
26-Feb-2013
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
27-Mar-2013 42300 1 GBP 4255584.7825 7/19/2012 42250 85.0425 42390
84.4500 42435
27-Mar-2013
1 EUR
1 GBP 1044
1053
7/19/2012
780.5
783.6
SOY BEAN
7/19/2012
4309
4330
JPYINR TURMERIC
26-Feb-2013
27-Mar-2013
100 JPY
14650
84.4750
REF SOYA
JPYINR
1178
72.7800
100 JPY
1035
777.4
58.7225
4265.5
59.1975 4518
1183.5
72.8500
15052.5
84.7800
782.85
59.0700
4303
59.3025
5018 1178
72.5125 14800
84.1150
781.3
58.6400 4315
58.9150
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 26-Feb-2013
12511USD 1282 53.4500 1251 53.5850 1246
USDINR
27-Mar-2013
1 USD
53.7775
USDINR
26-Apr-2013
1 USD
54.0200
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4676
5120
LTP
CHILLI
EURINR
5018
CLOSE
CHG
Close -28
72.2775
PERCENTAGE CHANGE
Prev. Close -0.61
72.5575
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.5550
84.2750 -8
72.8325
84.3550 -0.76
84.5800 45
84.6925 0.11
-1.55
-0.2
12
0.28
58.7175
58.9875
58.7025
58.9800
-124
-2.66
53.2550 1282
53.3925 36
2.89 53.5350
53.8475
53.5175
53.6575
53.7900
54.1300
53.8100
53.9450
54.0825
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DAILY USD/INR CHART
ANALYSIS OPEN: 53.4950 HIGH: 53.5850 LOW: 53.2550 CLOSE: 53.3925
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.4525 HIGH: 72.5800 LOW: 72.2250 CLOSE: 72.2775
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
3:30pm
EUR
7:00pm
ACTUAL
FORECAST
PREVIOUS
Unemployment Rate
11.9%
11.8%
USD
Non-Farm Employment Change
161K
155K
7:00pm
USD
Unemployment Rate
7.8%
7.8%
8:30pm
USD
ISM Manufacturing PMI
50.8
50.7
9:00pm
USD
Crude Oil Inventories
-1.6M
-1.0M
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