DAILY FOREX REPORT 2ND JANUARY 2013
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HEADLINES Rupee gains at open in 2013; U.S. 'fiscal cliff' deal aids The rupee rose in opening trade on Tuesday, boosted by a deal to avert the U.S. "fiscal cliff", but gains were capped by a surge in the country's current account deficit. At 9:06 a.m. (0336 GMT), the partially convertible rupee was at 54.82/83 per dollar versus its
previous close of
54.99/55.00.The
and
White
House
congressional
lawmakers have reached a deal to avoid the "fiscal cliff" that would delay harsh spending cuts by two months, Obama administration officials said on Monday. India's current account deficit widened to a record high of 5.4 percent of GDP in the September quarter as export growth
TRADING TIPS
slowed more sharply than imports, with a similar gap
SELL USD/INR BELOW 55.00 FOR TGT 54.85/54.70 SL 55.15 PAST PERFORMANCE BUY USD/INR ABOVE 55.20 FOR TGT 55.35/55.50 SL 55.05 UNEXECUTED
weakness in the rupee.
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expected in the December quarter likely to prolong
Rupee stabilises further against dollar, up 24 paise The Indian rupee stabilized further against the American currency in the late morning trade by surging 24 paise to 54.75 per dollar on persistent selling of dollar by banks
REFERENCE RATE As on 1ST January 2013 UNDERLYING
RATE
USDINR
54.8320
EURINR
72.4803
GBPINR
89.2254
JPYINR
63.2100
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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
72.6500
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
73.0275
14650
89.1975 1053
High 4560
72.9900
5120
1183.5
73.1500
15052.5
89.3600
LTP
Low 4532
72.6025 5018 1178
72.8175 14800
88.9600
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255589.2675 7/19/2012 42250 89.6000 42390
89.2250 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
63.5300
4265.5
63.9675 4518
4303
64.1300
781.3
63.5300 4315
63.8700
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 55.0525 1251 55.1650 1246
USDINR
26-Feb-2013
1 USD
55.2150
USDINR
27-Mar-2013
1 USD
55.4600
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4676
782.85
63.9325
CHG
Close -28
72.7175
PERCENTAGE CHANGE
Prev. Close -0.61
72.7125
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.9375
89.2825 -8
72.9750
89.0950 -0.76
89.5325 45
89.3650 0.11
-1.55
-0.2
12
0.28
63.6700
63.8825
64.0525
64.2550
-124
-2.66
54.9150 1282
55.0225 36
2.89 55.1500
55.4050
55.1625
55.2725
55.4025
56.0675
55.4075
55.5250
55.6525
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DAILY USD/INR CHART
ANALYSIS OPEN: 54.9475 HIGH: 55.1650 LOW: 54.9150 CLOSE: 55.0225
USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.7500 HIGH: 72.9900 LOW: 72.6025 CLOSE: 72.7175
EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
1:45pm
EUR
2:15pm
EUR
Spanish Manufacturing PMI Italian Manufacturing PMI
7:30pm
USD
8:30pm 9:30pm
ACTUAL
FORECAST
PREVIOUS
44.9
45.3
45.4
45.1
Final Manufacturing PMI
53.2
54.2
USD
ISM Manufacturing PMI
50.2
49.5
USD
Crude Oil Inventories
-1.6M
-1.0M
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