DAILY FOREX REPORT 21ST DECEMBER 2012
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HEADLINES Rupee extends losses on oil demand; weak shares The rupee extended losses to 54.84/85 versus its previous close of 54.55/56 on the back of dollar demand from oil firms and also helped by weak domestic shares. A broad risk-off mood globally also aided the dollar, traders said. Asian shares retreated from near 17-month highs and commodities fall as negotiations to avert a US fiscal crunch turns to personal taunts, putting at risk a timely solution as well as the health of the world's largest economy. Rupee down 12 paise against dollar in early
TRADING TIPS SELL USD/INR BELOW 54.90 FOR TGT 54.75/54.60 SL 55.05 PAST PERFORMANCE SELL USD/INR BELOW 54.70 FOR TGT 54.55/54.40 SL 54.85 UNEXECUTED
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trade The rupee today fell by 12 paise to trade at 54.67 against the dollar in early trade at the Interbank Foreign Exchange, due to increased demand for the American currency from oil importers. Besides, euro and yen weakness against the dollar overseas and a lower opening in the equity market also put pressure on the local unit, forex dealers said. The rupee had gained 30 paise yesterday to close at 54.55 against the dollar on fresh selling of the American currency by banks.
REFERENCE RATE As on 20TH December 2012 UNDERLYING
RATE
USDINR
54.8420
EURINR
72.4667
GBPINR
89.1128
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
72.5600
High 4560
72.8450
Low 4532
72.3600
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 4255589.3625 7/19/2012 42250 89.6950 42390
89.2500 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
89.1200
REF SOYA
JPYINR
1178
72.7200
100 JPY
1035
777.4
64.9900
4265.5
65.4950 4518
1183.5
73.0850
15052.5
89.3875
782.85
65.5850
4303
65.8475
5018 1178
72.6300 14800
88.9100
781.3
64.9100 4315
65.2025
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 27-Dec-2012
12511USD 1282 54.8600 1251 55.0175 1246
USDINR
29-Jan-2013
1 USD
55.0900
USDINR
26-Feb-2013
1 USD
55.3625
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4676
5120
LTP
CHILLI
EURINR
5018
CLOSE
CHG
Close -28
72.7725
PERCENTAGE CHANGE
Prev. Close -0.61
72.5925
-102
-1.99
-5.5
-0.46
-252.5
-1.68
73.0150
89.3025 -8
72.8400
89.1025 -0.76
89.5975 45
89.4275 0.11
-1.55
-0.2
12
0.28
65.3700
65.6300
64.8425
65.1225
-124
-2.66
54.7525 1282
54.9125 36
2.89 54.7175
55.2700
55.0050
55.1775
54.9775
55.5250
55.2750
55.4425
55.2325
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DAILY USD/INR CHART
ANALYSIS OPEN: 54.8900 HIGH: 55.0175 LOW: 54.7550 CLOSE: 54.9125
USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.5500 HIGH: 72.8150 LOW: 72.3650 CLOSE: 72.7725
EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
12:30pm
EUR
3:00pm
GBP
GfK German Consumer Climate Current Account
7:00pm
USD
7:00pm 7:00pm
ACTUAL
FORECAST
PREVIOUS
5.9
5.9
-14.1B
-20.8B
Core Durable Goods Orders m/m
-0.2%
1.8%
USD
Core PCE Price Index m/m
0.1%
0.1%
USD
Durable Goods Orders m/m
0.2%
0.5%
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