DAILY FOREX REPORT 8TH JANUARY 2013
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HEADLINES Rupee falls to 1 month low on euro, share losses The rupee fell to an over 1-month low in late trade on Monday as local stocks slipped and the euro weakened as last week's Federal Reserve minutes continued to cast doubt over future US monetary stimulus. The BSE stock index gave up early gains to end down 0.47 per cent. The rupee was at 55.26/27 per dollar as of 1010 GMT, it’s weakest since Nov 29, and down from its previous closes of 55.07/08. Rupee slips 13 paise against dollar; fails to maintain upward momentum
TRADING TIPS BUY USD/INR ABOVE 55.47 FOR TGT 55.62/55.77 SL 55.32 PAST PERFORMANCE BUY EUR/INR ABOVE 71.97 FOR TGT 72.12/72.27 SL 71.82 TARGET ACHIEVED
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Failing to maintain its initial upward momentum, the rupee today slid by 13 paise to 55.03 against the dollar in late morning trade due to bouts of demand for the US currency from banks and oil importers amid firm cues overseas.The rupee had gained 17 paise in the early morning trade and was trading at 54.90.The local currency resumed higher at 55 per dollar as against the previous closing level of 55.82 at the Interbank Foreign Exchange (Forex) Market. It traded in a range of 54.90 and 55.04 before quoting 55.03 at 1110 hrs.
REFERENCE RATE As on 7THJanuary 2013 UNDERLYING
RATE
USDINR
54.9780
EURINR
71.6690
GBPINR
88.1077
JPYINR
62.6700
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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
72.0200
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
72.3175
14650
88.5750 1053
High 4560
72.4000
5120
1183.5
72.6200
15052.5
89.1300
LTP
Low 4532
71.8675 5018 1178
72.0875 14800
88.3250
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255588.8500 7/19/2012 42250 89.4000 42390
88.6000 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
62.5925
4265.5
62.8750 4518
4303
63.4750
781.3
62.5425 4315
62.7450
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 55.2325 1251 55.5350 1246
USDINR
26-Feb-2013
1 USD
55.4200
USDINR
27-Mar-2013
1 USD
55.6925
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4676
782.85
63.2700
CHG
Close -28
72.3375
PERCENTAGE CHANGE
Prev. Close -0.61
71.9600
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.5650
89.0200 -8
72.1825
88.5950 -0.76
89.3000 45
88.8575 0.11
-1.55
-0.2
12
0.28
63.1600
63.3525
62.7100
62.9050
-124
-2.66
55.1125 1282
55.4700 36
2.89 55.3325
55.7700
55.3675
55.7175
55.5800
56.0100
55.6200
55.9575
55.8275
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DAILY USD/INR CHART
ANALYSIS OPEN: 55.1800 HIGH: 55.5350 LOW: 55.1200 CLOSE: 55.4700
USD/INR LOOKS UPWARDS TREND: BULLISH
STRATEGY: BUY ON DIPS
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.3375 HIGH: 72.4000 LOW: 72.3375 CLOSE: 72.3375
EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
3:30pm
EUR
3:30pm
ACTUAL
FORECAST
PREVIOUS
Retail Sales m/m
0.5%
-1.2%
EUR
Unemployment Rate
11.8%
11.7%
4:30pm
EUR
German Factory Orders m/m
-1.4%
3.9%
8:30pm
USD
IBD/TIPP Economic Optimism
46.3
45.1
9:30pm
USD
Crude Oil Inventories
-1.6M
-1.0M
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