DAILY FOREX REPORT 19TH DECEMBER 2012
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HEADLINES Rupee trims initial gains vs dollar, still up by 9 paise The rupee trimmed its initial gains against the American currency but was still quoted up by 9 paise to 54.76 per dollar in the late morning trade on mild selling of dollars by banks and exporters ahead of the Reserve Bank's mid-quarter monetary policy review meeting. The rupee resumed higher at 54.70 per dollar as against the last closing level of 54.85 per dollar at the Interbank Foreign Exchange ( Forex) Market on selling of dollars by banks in view of persistent foreign capital inflows into equity market. However, it trimmed its
TRADING TIPS BUY USD/INR ABOVE 54.05 FOR TGT 54.20/54.35 SL 53.90 PAST PERFORMANCE BUY USD/INR ABOVE 54.95 FOR TGT 55.10 SL 54.80 TARGET ACHIEVED
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initial gains and was quoted at 54.76 per dollar at 1040 hrs on renewed dollar demand from banks on the back of higher dollar in overseas market. It moved in a range of 54.70 per dollar and 54.81 per dollar during the morning trade
REFERENCE RATE As on 18TH December 2012 UNDERLYING
RATE
USDINR
54.8490
EURINR
72.2440
GBPINR
88.9267
JPYINR
65.3100
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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
27-Dec-2012
4573
1 EUR
4525
72.1850
High 4560
72.5850
Low 4532
72.1500
7/19/2012
5060
5060
GUR
7/19/2012
1188
1188
JEERA
7/19/2012
14955
14960
GBPINR
27-Dec-2012
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
29-Jan-2013 42300 1 GBP 4255589.0900 7/19/2012 42250 89.6950 42390
89.0850 42435
29-Jan-2013
1 EUR
1 GBP 1044
1053
7/19/2012
780.5
783.6
SOY BEAN
7/19/2012
4309
4330
JPYINR TURMERIC
27-Dec-2012
29-Jan-2013
100 JPY
14650
88.9025
REF SOYA
JPYINR
1178
72.3475
100 JPY
1035
777.4
65.2875
4265.5
65.6000 4518
1183.5
72.8275
15052.5
89.3800
782.85
65.7375
4303
66.0000
5018 1178
72.3475 14800
88.7175
781.3
65.2400 4315
65.5500
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 27-Dec-2012
12511USD 1282 54.8500 1251 55.1375 1246
USDINR
29-Jan-2013
1 USD
55.1200
USDINR
26-Feb-2013
1 USD
55.3375
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4676
5120
LTP
CHILLI
EURINR
5018
CLOSE
CHG
Close -28
72.4525
PERCENTAGE CHANGE
Prev. Close -0.61
72.2575
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.7225
89.1275 -8
72.5150
88.9800 -0.76
89.4475 45
89.2900 0.11
-1.55
-0.2
12
0.28
65.5950
65.8725
65.6675
65.9250
-124
-2.66
54.7850 1282
55.0100 36
2.89 54.9500
55.3825
55.0400
55.2500
55.1950
55.6300
55.3000
55.4925
55.4475
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DAILY USD/INR CHART
ANALYSIS OPEN: 54.8125 HIGH: 55.1375 LOW: 54.8000 CLOSE: 55.0100
USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.2575 HIGH: 72.5850 LOW: 71.1500 CLOSE: 72.4525
EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
2:30pm
EUR
3:00pm
GBP
German Ifo Business Climate MPC Meeting Minutes
7:00pm
USD
7:00pm 9:00pm
ACTUAL
FORECAST
PREVIOUS
101.9
101.4
0-0-9
0-0-9
Building Permits
0.87M
0.87M
USD
Housing Starts
0.87M
0.89M
USD
Crude Oil Inventories
-0.9M
0.8M
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