DAILY-FOREX-REPORT BY EPIC RESEARCH 14 DEC 2012

DAILY FOREX REPORT 14TH DECEMBER 2012

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 HEADLINES  Rupee trims initial gains vs dollar, still up 15 paise In line with equity market, the rupee trimmed its earlier gains but was still quoted up by 15 paise at 54.17 per dollar on mild selling of the American currency from banks amid persistent foreign capital inflows in stock market. The rupee resumed higher at 54.15 per dollar as against the last closing level of 54.32 at the Interbank Foreign Exchange (Forex) Market and moved up further to a high of 54.10. However, it failed to maintain earlier gains and was quoted at 54.17 per dollar at 1050 hrs. It hovered in a range of 54.10 and 54.23 per dollar during

 TRADING TIPS  BUY USD/INR ABOVE 54.62 FOR TGT 54.77/54.92 SL 54.42  PAST PERFORMANCE  BUY EUR/INR ABOVE 70.97 FOR TGT 71.12/71.27 SL 70.77 TARGET ACHIEVED

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the morning deals.

Rupee opens at 54.17 per dollar The Indian rupee opened at 54.17 per dollar versus 54.32 yesterday.sharad Pawaar, SPFX India said, "The rupee may gain marginally amid mixed global cues.

Positive sentiment in domestic equity markets is likely to support the currency. The range for the day is seen between 54.10-54.45/USD."

RBI REFERENCE RATE As on 13TH December 2012 UNDERLYING

RATE

USDINR

54.2320

EURINR

70.9440

GBPINR

87.5304

JPYINR

64.8600

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DAILY MARKET STATISTICS PRODUCT NAME

Symbol CHANA

EURINR

EXP DATE

OPEN

Series/Expiry

HIGH

LOW

Unit

7/19/2012

Open

4556

27-Dec-2012

4573

1 EUR

4525

70.9600

CHILLI

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

EURINR

GBPINR

29-Jan-2013

1 EUR

27-Dec-2012

1 GBP

5018 1178

71.3075

14650

87.8600

1044

1053

High 4560

71.3350

5120

1183.5

71.5800

15052.5

88.0850

Low 4532

70.9000

5018 1178

71.1500

14800

87.5025

7/19/2012

GBPINR PEPPER

29-Jan-2013 42300 1 GBP 4255588.0025 7/19/2012 42250 88.3800 42390 87.8100 42435 7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR

JPYINR TURMERIC WHEAT USDINR

27-Dec-2012

29-Jan-2013 7/19/2012

100 JPY

100 JPY 4600

777.4

65.1800

4265.5

65.3275 4676

4518

1049

LTP

KAPAS

REF SOYA

1035

CLOSE

782.85

65.5750

4303

65.8325

1041

781.3

64.8675

4315

65.0775

CHG

Close -28

71.2675 -102 -5.5

PERCENTAGE CHANGE

Prev.

Close -0.61

70.9400 -1.99 -0.46

71.5175

71.1550

-252.5

-1.68

88.0025

87.8700

-8

-0.76

88.3025 45

88.1575 0.11

-1.55

-0.2

65.4625

65.7075

12

0.28

65.7475

65.9725

-124

-2.66

4664

4540

7/19/2012 27-Dec-2012 12511USD 1282 54.3875 1251 54.6650 1246

54.2400 1282

54.6225 36

54.4575 2.89

USDINR

29-Jan-2013

1 USD

54.5875

54.9100

54.5000

54.8775

54.7100

USDINR

26-Feb-2013

1 USD

54.8150

55.1500

54.7400

55.1000

54.9525

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DAILY USD/INR CHART

ANALYSIS OPEN: 54.3250 HIGH: 54.6625 LOW: 54.2400 CLOSE: 54.6225

 USD/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED

 STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS OPEN: 70.9600 HIGH: 71.3300 LOW: 70.9000 CLOSE: 71.2675

 EUR/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

2:00pm

EUR

7:00pm

USD

German Flash Manufacturing PMI Core CPI m/m

7:30pm

USD

7:45pm 7:45pm

ACTUAL

FORECAST

PREVIOUS

47.1

46.8

0.2%

0.2%

Flash Manufacturing PMI

52.6

52.8

USD

Capacity Utilization Rate

77.9%

77.8%

USD

Industrial Production m/m

0.3%

-0.4%

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