S
DAILY FOREX REPORT 10TH JANUARY 2013
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HEADLINES Rupee up on corporate US dollar sales Rupee trades higher at 54.88/89 versus previous close of 54.99/55.00 as dollar demand from oil firms gets offset by some corporate dollar sales. Traders say a large petrochemical company sold dollars in the market, pushing the pair slightly lower but the flows were not too large to help sustain the downside. The pair has so far moved in a tight range of 54.85 to 55.0750 but traders expect it to move higher on the back of oil demand later in the session. Shares currently trading largely flat. Rupee likely to gain; macroeconomic concerns
TRADING TIPS SELL USD/INR BELOW 55.00 FOR TGT 54.85/54.70 SL 55.20 PAST PERFORMANCE SELL USD/INR BELOW 55.22 FOR TGT 55.07/54.92 SL 55.42 TARGET ACHIEVED
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weigh Rupee is likely to open marginally higher, tracking gains in Asian shares, FX, says a dealer. The USD/INR pair last closed at 54.99/00.Most Asian currencies trading with gains. Macroeconomic concerns continue to weigh on rupee as evidenced by the reaction to Fitch's renewed ratings warning on Tuesday. Euro flat against dollar from late U.S. levels, but yen continued to gain vs USD.
REFERENCE RATE As on 9THJanuary 2013 UNDERLYING
RATE
USDINR
54.9625
EURINR
71.9235
GBPINR
88.2286
JPYINR
62.8600
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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
72.3350
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
72.4000
14650
88.6100 1053
High 4560
72.3350
5120
1183.5
72.4675
15052.5
88.6100
LTP
Low 4532
71.7050 5018 1178
72.0400 14800
88.1800
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255588.7950 7/19/2012 42250 88.8500 42390
88.5000 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
63.1850
4265.5
63.4100 4518
4303
63.4575
781.3
62.6875 4315
62.9350
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 55.1525 1251 55.2600 1246
USDINR
26-Feb-2013
1 USD
55.4225
USDINR
27-Mar-2013
1 USD
55.7075
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4676
782.85
63.2575
CHG
Close -28
71.8375
PERCENTAGE CHANGE
Prev. Close -0.61
72.4125
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.0925
88.2750 -8
72.6375
88.7675 -0.76
88.6025 45
89.0550 0.11
-1.55
-0.2
12
0.28
62.9000
63.1050
63.1800
63.4000
-124
-2.66
54.9350 1282
55.0175 36
2.89 55.2250
55.5050
55.1975
55.2700
55.4725
55.7650
55.4600
55.5200
55.7150
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DAILY USD/INR CHART
ANALYSIS OPEN: 55.1700 HIGH: 55.2600 LOW: 54.9375 CLOSE: 55.0175
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.2300 HIGH: 72.2300 LOW: 71.7700 CLOSE: 71.8375
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
1:15pm
EUR
6:15pm
ACTUAL
FORECAST
PREVIOUS
French CPI m/m
0.4%
-0.2%
EUR
Minimum Bid Rate
0.75%
0.75%
7:00pm
USD
Unemployment Claims
361K
372K
11:40pm
USD
FOMC Member George Speaks
9:30pm
USD
Crude Oil Inventories
-1.6M
-1.0M
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