S
DAILY FOREX REPORT 15TH JANUARY 2013
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HEADLINES Rupee extends gains post GAAR deferment The rupee extended losses to trade at 54.55/56 vs its previous close of 54.7550/7650 after the government deferred implementation of controversial GAAR rules till April 2016.Shares extended gains to over 1 per cent post the news. Traders say good custodian bank flows are seen hurting the dollar. They say 54.50 is likely to be the next immediate support which if broken can take the pair to 54.25 levels. Rupee extends gains post WPI; custodian flows aid
TRADING TIPS SELL USD/INR BELOW 54.60 FOR TGT 54.45/54.30 SL 54.80 PAST PERFORMANCE BUY USD/INR ABOVE 54.95 FOR TGT 55.10/55.25 SL 54.75 SL TRIGGERED
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The rupee extended losses to 54.46/47 versus its previous close of 54.7550/7650 as sentiment hurt following lowerthan-expected inflation print. Traders say deferment of the controversial tax avoidance rules also boosted sentiment for the domestic share market and the local currency. Traders say good custodian dollar sales were helping the rupee. Domestic shares closed up 1.2 per cent. The pair is expected to close around 54.45
REFERENCE RATE As on 14THJanuary 2013 UNDERLYING
RATE
USDINR
54.6355
EURINR
73.1273
GBPINR
88.1735
JPYINR
60.9800
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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
73.4150
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
73.7000
14650
88.4500 1053
High 4560
73.5500
5120
1183.5
73.7550
15052.5
88.7075
LTP
Low 4532
72.8900 5018 1178
73.1500 14800
87.8300
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255588.8800 7/19/2012 42250 89.0000 42390
88.1725 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
61.4475
4265.5
61.6000 4518
4303
61.7350
781.3
61.0650 4315
61.3275
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 54.8800 1251 54.9850 1246
USDINR
26-Feb-2013
1 USD
55.1375
USDINR
27-Mar-2013
1 USD
55.4175
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4676
782.85
61.4975
CHG
Close -28
72.9325
PERCENTAGE CHANGE
Prev. Close -0.61
72.8175
-102
-1.99
-5.5
-0.46
-252.5
-1.68
73.2125
87.8875 -8
73.0400
88.4725 -0.76
88.2225 45
88.7900 0.11
-1.55
-0.2
12
0.28
61.1925
61.4425
61.8750
62.0900
-124
-2.66
54.5600 1282
54.6050 36
2.89 54.9425
55.2225
54.8100
54.8450
55.1750
55.4800
55.0775
55.1225
55.4325
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DAILY USD/INR CHART
ANALYSIS OPEN: 54.9375 HIGH: 54.9825 LOW: 54.5600 CLOSE: 54.6050
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 73.4150 HIGH: 73.5500 LOW: 72.8900 CLOSE: 72.9325
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
ACTUAL
FORECAST
PREVIOUS
1:15pm
EUR
7:00pm
USD
French Gov Budget Balance Core Retail Sales m/m
0.2%
0.0%
7:00pm
USD
PPI m/m
-0.1%
-0.8%
7:00pm
USD
Retail Sales m/m
0.2%
0.3%
9:30pm
USD
Crude Oil Inventories
-1.6M
-1.0M
-94.6B
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