DAILY FOREX REPORT 24TH 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 BUY USD/INR ABOVE 55.17 FOR TGT 55.32/55.47 SL 55.02 PAST PERFORMANCE SELL USD/INR BELOW 54.90 FOR TGT 54.75/54.60 SL 55.05 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 21ST December 2012 UNDERLYING
RATE
USDINR
55.0860
EURINR
72.7730
GBPINR
89.5368
JPYINR
65.5000
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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
72.6875
High 4560
73.0850
Low 4532
72.6000
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 4255589.8000 7/19/2012 42250 90.1100 42390
89.8000 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
89.4800
REF SOYA
JPYINR
1178
72.9100
100 JPY
1035
777.4
65.7125
4265.5
66.1550 4518
1183.5
73.3300
15052.5
89.8200
782.85
65.8975
4303
66.1600
5018 1178
72.8900 14800
89.4500
781.3
65.5500 4315
65.6775
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 27-Dec-2012
12511USD 1282 55.0500 1251 55.3425 1246
USDINR
29-Jan-2013
1 USD
55.2675
USDINR
26-Feb-2013
1 USD
55.5200
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4676
5120
LTP
CHILLI
EURINR
5018
CLOSE
CHG
Close -28
72.8075
PERCENTAGE CHANGE
Prev. Close -0.61
72.7725
-102
-1.99
-5.5
-0.46
-252.5
-1.68
73.0550
89.5600 -8
73.0150
89.3025 -0.76
89.8625 45
89.5975 0.11
-1.55
-0.2
12
0.28
65.6000
65.8575
65.3700
65.6300
-124
-2.66
55.0125 1282
55.1700 36
2.89 54.9125
55.6050
55.2050
55.4375
55.1775
55.8675
55.5200
55.6975
55.4425
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DAILY USD/INR CHART
ANALYSIS OPEN: 55.0225 HIGH: 55.3425 LOW: 55.0125 CLOSE: 55.1700
USD/INR LOOKS UPWARDS TREND: BULLISH
STRATEGY: BUY ON DIPS
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.6900 HIGH: 73.0850 LOW: 72.6000 CLOSE: 72.8075
EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
ACTUAL
FORECAST
PREVIOUS
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