S
DAILY FOREX REPORT 18TH JANUARY 2013
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HEADLINES Rupee hits 1-month high on diesel price action The rupee is at 54.25/26 after dropping to a more than one-month low of 54.2250, its highest since December 13 and stronger compared to its previous close of 54.69/70. State-run oil marketing companies can now raise diesel prices in line with increases in global crude oil prices, Oil Minister Veerappa Moily said on Thursday, a move that could help the government reduce its vast subsidy bill. Traders said the move would also help contain the government's wide fiscal deficit, which is a positive for the rupee. The euro rose to a 9-1/2 month high against the
TRADING TIPS SELL EUR/INR BELOW 72.64 FOR TGT 72.49/72.34 SL 72.84 PAST PERFORMANCE BUY USD/INR ABOVE 54.85 FOR TGT 55.00/55.15 SL 54.65 SL TRIGGERED
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sterling on Thursday as worries about the poor UK economic outlook contrasted with better sentiment towards the single currency. Rupee gains against dollar in late morning trade In line with equity market, the rupee recovered by three paise to quote 54.66 against the American currency in late morning trade today on renewed selling of dollars by banks and exporters amid sustained foreign capital inflows.
REFERENCE RATE As on 17THJanuary 2013 UNDERLYING
RATE
USDINR
54.8260
EURINR
72.8285
GBPINR
87.9902
JPYINR
62.2000
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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
72.8900
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
73.1100
14650
87.7825 1053
High 4560
72.9300
5120
1183.5
73.1200
15052.5
87.7825
LTP
Low 4532
72.4050 5018 1178
72.6975 14800
86.9000
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255588.0300 7/19/2012 42250 88.0300 42390
87.2475 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
62.1250
4265.5
62.3200 4518
4303
62.5125
781.3
60.8250 4315
61.1200
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 54.9325 1251 54.9325 1246
USDINR
26-Feb-2013
1 USD
55.0800
USDINR
27-Mar-2013
1 USD
55.3650
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4676
782.85
62.2800
CHG
Close -28
72.6475
PERCENTAGE CHANGE
Prev. Close -0.61
73.0450
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.9300
87.1100 -8
73.3450
87.9875 -0.76
87.4275 45
88.3050 0.11
-1.55
-0.2
12
0.28
60.9475
61.2275
62.1900
62.4425
-124
-2.66
54.2700 1282
54.3875 36
2.89 54.8550
55.1400
54.5325
54.6525
55.0975
55.4100
54.8250
54.9425
55.3650
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DAILY USD/INR CHART
ANALYSIS OPEN: 54.9325 HIGH: 54.9325 LOW: 54.2700 CLOSE: 54.3875
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.8100 HIGH: 72.9300 LOW: 72.4050 CLOSE: 72.6475
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
10:00am
JPY
3:00pm
GBP
8:25pm
ACTUAL
FORECAST
PREVIOUS
Revised Industrial Production m/m Retail Sales m/m
-1.7%
-1.7%
0.2%
0.0%
USD
Prelim UoM Consumer Sentiment
75.1
72.9
8:25pm
USD
Prelim UoM Inflation Expectations
9:30pm
USD
Crude Oil Inventories
3.2% -1.6M
-1.0M
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