DAILY FOREX REPORT 9TH JANUARY 2013
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HEADLINES Rupee declines by 7 paise vs. dollar in late morning trade The rupee today slipped by seven paise to 55.30 in the late morning trade due to renewed dollar demand from banks and importers amid lower equities. Earlier the rupee resumed higher at 55.15 per dollar as against the last closing level of 55.23 per dollar at the Interbank Foreign Exchange (Forex) Market, but later hovered in a range of 55.3250 per dollar and 55.05 per dollar before quoting at 55.30 per dollar at 1100 hrs.Forex dealers said bouts of heavy dollar demand from banks and oil importers amid
TRADING TIPS SELL USD/INR BELOW 55.22 FOR TGT 55.07/54.92 SL 55.42 PAST PERFORMANCE BUY USD/INR ABOVE 55.47 FOR TGT 55.62/55.77 SL 55.32 SL TRIGGERED
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lower equities attributed the rupee sentiment. In New York market, the dollar declined against the basket currencies late yesterday on trader cautiousness over next steps by the US Federal Reserve and European Central Bank.
REFERENCE RATE As on 8THJanuary 2013 UNDERLYING
RATE
USDINR
55.3278
EURINR
72.5680
GBPINR
89.0501
JPYINR
63.3300
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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
72.4725
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
72.7000
14650
89.0000 1053
High 4560
72.9275
5120
1183.5
73.1400
15052.5
89.4850
LTP
Low 4532
72.3825 5018 1178
72.6225 14800
88.7250
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255589.3100 7/19/2012 42250 89.7500 42390
89.0200 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
63.2000
4265.5
63.3075 4518
4303
63.8600
781.3
63.0900 4315
63.3075
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 55.3925 1251 55.6000 1246
USDINR
26-Feb-2013
1 USD
55.6225
USDINR
27-Mar-2013
1 USD
55.8550
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4676
782.85
63.6800
CHG
Close -28
72.4125
PERCENTAGE CHANGE
Prev. Close -0.61
72.3375
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.6375
88.7675 -8
72.5650
89.0200 -0.76
89.0550 45
89.3000 0.11
-1.55
-0.2
12
0.28
63.1800
63.4000
63.1600
63.3525
-124
-2.66
55.1950 1282
55.2250 36
2.89 55.4700
55.8375
55.4450
55.4725
55.7175
56.0750
55.7025
55.7150
55.9575
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DAILY USD/INR CHART
ANALYSIS OPEN: 55.3725 HIGH: 55.5950 LOW: 55.1975 CLOSE: 55.2250
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.4725 HIGH: 72.9275 LOW: 72.3825 CLOSE: 72.4125
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
3:30pm
EUR
4:30pm
ACTUAL
FORECAST
PREVIOUS
Final GDP q/q
-0.1%
-0.1%
EUR
German Industrial Production m/m
1.1%
-2.6%
9:00pm
USD
Crude Oil Inventories
-11.1M
11:30pm
USD
10-y Bond Auction
1.65|3.0
9:30pm
USD
Crude Oil Inventories
-1.6M
-1.0M
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