S
DAILY FOREX REPORT 22ND JANUARY 2013
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HEADLINES Rupee rises for 3rd session; fund flow related selling The rupee today rose by six paise to 53.65 against the dollar in early trade at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks. Forex dealers said a higher opening in the domestic equity market and strengthening of euro against the dollar overseas, also supported the rupee. The rupee had gained a whopping 68 paise to close at a twoand-half-month high of 53.71 against the dollar on Friday
TRADING TIPS SELL USD/INR BELOW 53.87 FOR TGT 53.77/53.67 SL 54.07 PAST PERFORMANCE SELL USD/INR BELOW 53.85 FOR TGT 53.71/53.55 SL 54.05 TARGET ACHIEVED
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on sustained selling of the American currency by exporters after partial deregulation of diesel prices.
REFERENCE RATE As on 21STJanuary 2013 UNDERLYING
RATE
USDINR
53.8735
EURINR
71.7760
GBPINR
85.5296
JPYINR
60.1100
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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
71.8000
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
71.9950
14650
85.4475 1053
High 4560
71.9750
5120
1183.5
72.2500
15052.5
85.7100
LTP
Low 4532
71.5325 5018 1178
71.8400 14800
85.2025
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255585.7325 7/19/2012 42250 86.0700 42390
85.5550 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
60.1500
4265.5
60.3650 4518
4303
60.7000
781.3
59.9600 4315
60.2500
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 53.8475 1251 54.0175 1246
USDINR
26-Feb-2013
1 USD
54.0625
USDINR
27-Mar-2013
1 USD
54.3525
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4676
782.85
60.4250
CHG
Close -28
71.7550
PERCENTAGE CHANGE
Prev. Close -0.61
71.9425
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.0375
85.6175 -8
72.2425
85.8425 -0.76
85.9325 45
86.1750 0.11
-1.55
-0.2
12
0.28
60.3000
60.5325
60.0150
60.2975
-124
-2.66
53.7100 1282
53.9225 36
2.89 53.8575
54.2675
53.9675
54.1650
54.1125
54.5700
54.2725
54.4475
54.4150
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DAILY USD/INR CHART
ANALYSIS OPEN: 53.8475 HIGH: 54.0175 LOW: 53.7125 CLOSE: 53.9225
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 71.8000 HIGH: 71.9700 LOW: 71.5325 CLOSE: 71.7550
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
3:30pm
EUR
3:30pm
ACTUAL
FORECAST
PREVIOUS
12.2
6.9
EUR
German ZEW Economic Sentiment ZEW Economic Sentiment
14.1
7.6
8:30pm
USD
Bank Holiday
5.09M
5.04M
8:30pm
USD
Richmond Manufacturing Index
4
5
11:30pm
EUR
ECB President Draghi Speaks
-1.6M
-1.0M
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