S
DAILY FOREX REPORT 25TH JANUARY 2013`
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HEADLINES Indian Rupee extends loses on strong demand for dollar by oil firms Rupee extends loses to 53.85/86 versus its previous close of 53.6650/6750, tracking a further decline in the domestic share market and on the back of strong dollar demand from oil firms. Traders say there are no dollar inflows
in
a
holiday-shortened
week,
with
banks
preferring to cover short positions ahead of the long weekend. Forex and debt markets are closed on Friday for a local holiday. Demand from oil firms also stronger due
TRADING TIPS BUY USD/INR ABOVE 53.70 FOR TGT 53.82/53.94 SL 53.50 PAST PERFORMANCE SELL USD/INR BELOW 53.64 FOR TGT 53.52/54.40 SL 53.84 UNEXECUTED
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to the approaching month-end, when firms need to pay for their imports.
REFERENCE RATE As on 24th January 2013 UNDERLYING
RATE
USDINR
53.8515
EURINR
71.7210
GBPINR
85.2550
JPYINR
60.3000
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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
71.5000
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
71.8450
14650
85.0875 1053
High 4560
71.8450
5120
1183.5
72.1000
15052.5
85.3275
LTP
Low 4532
71.3450 5018 1178
71.6300 14800
84.9100
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255585.4500 7/19/2012 42250 85.6500 42390
85.2450 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
60.2000
4265.5
60.6525 4518
4303
60.7900
781.3
59.8850 4315
60.1900
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 53.6600 1251 53.8925 1246
USDINR
26-Feb-2013
1 USD
53.9650
USDINR
27-Mar-2013
1 USD
54.2275
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4676
782.85
60.5150
CHG
Close -28
71.5750
PERCENTAGE CHANGE
Prev. Close -0.61
71.5325
-102
-1.99
-5.5
-0.46
-252.5
-1.68
71.8350
85.0175 -8
71.8075
85.0425 -0.76
85.3175 45
85.3850 0.11
-1.55
-0.2
12
0.28
59.9575
60.2225
60.7300
61.0100
-124
-2.66
53.5900 1282
53.6950 36
2.89 53.6400
54.1200
53.8225
53.9275
53.8850
54.3900
54.1075
54.2000
54.1700
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DAILY USD/INR CHART
ANALYSIS OPEN: 53.6600 HIGH: 53.8925 LOW: 53.5900 CLOSE: 53.6950
USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS
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DAILY EUR/INR CHART
ANALYSIS OPEN: 71.5000 HIGH: 71.8450 LOW: 71.3450 CLOSE: 71.5750
EUR/INR LOOKS SIDEWAYS TREND: CONSLODATED STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
2:30pm
EUR
3:00pm
GBP
German Ifo Business Climate Prelim GDP q/q
7:00pm
CAD
8:30pm 9:00pm
ACTUAL
FORECAST
PREVIOUS
103.1
102.4
-0.1%
0.9%
Core CPI m/m
-0.2%
0.0%
USD
New Home Sales
387K
377K
USD
Crude Oil Inventories
-1.6M
-1.0M
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