S
DAILY FOREX REPORT 17TH JANUARY 2013
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HEADLINES Rupee extends losses of dollar demand from oil firms The rupee extended losses to 54.83/84 versus its previous close of 54.6150/6250 against dollar on the back of the US currency demand from oil firms, along with some shortcovering. Weakness in regional and local shares are also aiding sentiment for the dollar. Dealers expect exporters to step in to sell the greenback around 54.90-95 levels, preventing a sharper rise beyond that. Rupee trims initial losses vs dollar, still down 12 paise
TRADING TIPS BUY USD/INR ABOVE 54.85 FOR TGT 55.00/55.15 SL 54.65 PAST PERFORMANCE SELL USD/INR BELOW 54.67 FOR TGT 54.52/54.37 SL 54.87 UNEXECUTED
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The Indian rupee trimmed its initial losses against the American currency but was still quoted down by 12 paise to 54.73 per dollar on persistent dollar demand from importers on the back of higher crude oil prices. The rupee resumed lower at 54.77 per dollar as against the last closing level of 54.61 per dollar at the Interbank Foreign Exchange (Forex) Market and dropped further to 54.80 per dollar before quoting at 54.73 per dollar at 1040 hrs.It moved in a range of 54.68 per dollar and 54.80 per dollar during the morning deals.
REFERENCE RATE As on 16THJanuary 2013 UNDERLYING
RATE
USDINR
54.8260
EURINR
72.8285
GBPINR
87.9902
JPYINR
62.2000
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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
72.8100
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
73.1025
14650
87.6025 1053
High 4560
73.1000
5120
1183.5
73.3650
15052.5
88.1850
LTP
Low 4532
72.7500 5018 1178
73.0400 14800
87.6025
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255588.4000 7/19/2012 42250 88.4825 42390
88.0950 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
61.7000
4265.5
62.2975 4518
4303
62.8300
781.3
61.7000 4315
62.2975
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 54.7500 1251 55.0275 1246
USDINR
26-Feb-2013
1 USD
55.0325
USDINR
27-Mar-2013
1 USD
55.3250
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4676
782.85
62.6100
CHG
Close -28
73.0450
PERCENTAGE CHANGE
Prev. Close -0.61
72.9750
-102
-1.99
-5.5
-0.46
-252.5
-1.68
73.3450
87.9875 -8
73.2350
87.7900 -0.76
88.3050 45
88.1225 0.11
-1.55
-0.2
12
0.28
62.1900
62.4425
61.6825
61.9375
-124
-2.66
54.7500 1282
54.8550 36
2.89 54.6975
55.2700
55.0325
55.0975
54.9425
55.5300
55.2975
55.3650
55.2050
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DAILY USD/INR CHART
ANALYSIS OPEN: 54.7700 HIGH: 55.0250 LOW: 54.7700 CLOSE: 54.8550
USD/INR LOOKS UPWARDS TREND: BULLISH
STRATEGY: BUY ON DIPS
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.8100 HIGH: 73.1000 LOW: 72.7500 CLOSE: 73.0450
EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
2:30pm
EUR
ECB Monthly Bulletin
7:00pm
USD
7:00pm
ACTUAL
FORECAST
PREVIOUS
Building Permits
0.91M
0.90M
USD
Unemployment Claims
369K
371K
8:30pm
USD
Philly Fed Manufacturing Index
7.1
8.1
9:30pm
USD
Crude Oil Inventories
-1.6M
-1.0M
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