DAILY FOREX REPORT 26TH DECEMBER 2012
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HEADLINES Rupee down 7 paise against dollar in late morning deals The Rupee dropped by seven paise to 55.13 against the American currency in late morning trade today on mild dollar demand from banks and importers amid its higher value overseas. The rupee resumed lower at 55.10 per dollar as against the last weekend's level of 55.06 at the Interbank Foreign Exchange (Forex) Market and dropped further to 55.21 before quoting 55.13 at 1040 hrs. Persistent dollar demand from banks and importers in view of its higher value in overseas market mainly affected
TRADING TIPS SELL USD/INR BELOW 54.99 FOR TGT 54.84/54.69 SL 55.14 PAST PERFORMANCE BUY USD/INR ABOVE 55.17 FOR TGT 55.32/55.47 SL 55.02 SL TRIGGERED
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the rupee value Rupee down; seen in tight band as year-end mood sets in The rupee fell further against the dollar as weak regional peers and uncertainty over the US “fiscal cliff" weighed. The rupee was at 55.1750/1800 to the dollar, weaker than Friday's close of 55.06/07 when it had touched a threeweek low of 55.2550. However, the unit is expected to move in a tight band as the year-end lull sets in.
REFERENCE RATE As on 24TH December 2012 UNDERLYING
RATE
USDINR
55.0858
EURINR
72.6164
GBPINR
89.0958
JPYINR
65.2900
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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
72.7500
High 4560
72.7950
Low 4532
72.5950
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 4255589.6000 7/19/2012 42250 89.6525 42390
89.3050 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
89.3500
REF SOYA
JPYINR
1178
72.9825
100 JPY
1035
777.4
65.4975
4265.5
65.6700 4518
1183.5
73.1025
15052.5
89.3500
782.85
65.5925
4303
65.8000
5018 1178
72.8175 14800
88.9850
781.3
65.1000 4315
65.3400
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 27-Dec-2012
12511USD 1282 55.2475 1251 55.2650 1246
USDINR
29-Jan-2013
1 USD
55.4875
USDINR
26-Feb-2013
1 USD
55.7575
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4676
5120
LTP
CHILLI
EURINR
5018
CLOSE
CHG
Close -28
72.7150
PERCENTAGE CHANGE
Prev. Close -0.61
72.8075
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.9950
89.0625 -8
73.0550
89.5600 -0.76
89.3925 45
89.8625 0.11
-1.55
-0.2
12
0.28
65.1325
65.3600
65.6000
65.8575
-124
-2.66
54.9700 1282
54.9900 36
2.89 55.1700
55.5300
55.2550
55.2700
55.4375
55.8700
55.5175
55.5275
55.6975
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DAILY USD/INR CHART
ANALYSIS OPEN: 55.2225 HIGH: 55.2650 LOW: 54.9725 CLOSE: 54.9900
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 72.7150 HIGH: 72.7950 LOW: 72.7150 CLOSE: 72.7150
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
5:20am
JPY
7:30pm
USD
Monetary Policy Meeting Minutes S&P/CS Composite-20 HPI y/y
8:30pm
USD
ACTUAL
Richmond Manufacturing Index
FORECAST
PREVIOUS
3.9%
3.0%
12
9
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