WEEKLY FOREX REPORT 21ST JANUARY 2013
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ďƒ˜ HEADLINES Euro jumps to 9-month high vs dollar Optimism that the world economy is getting better is pushing the euro to its highest level against the dollar in nine months. Traders sold the yen Friday, pushing it to its lowest point against the dollar in over two years, after Japan announced a $224 billion stimulus package to boost its economy. On Thursday, European Central Bank President Mario Draghi said he expects the economy in the 17-country bloc that uses the euro to recover slightly in late 2013. Forex reserves slip by $ 1.6 billion in previous
ďƒ˜ RBI REFERENCE RATE As on 18THJANUARY 2013
reporting week The foreign exchange reserves slipped by a hefty $ 1.59 billion to $ 294.99 billion on the back of heavy decline in gold reserves and the core currency assets, the Reserve Bank said today. The total reserves had gone
UNDERLYING
RATE
USDINR
53.9465
EURINR
72.2050
GBPINR
86.2416
261.062 billion for the week ended January 4, the RBI
JPYINR
59.9100
said in its weekly statistical supplement.
up by $ 39.4 million to $ 296.58 billion in the previous reporting week. Foreign currency assets, a major component of the forex reserves, were down by $ 951.7 million to $
Rupee falls on factory, export data; still gains 0.6 pc in week The Indian rupee fell on Friday as factory output contracted and exports fell for the eighth straight month, highlighting the currency's vulnerability to a weak economy despite sustained capital inflows.
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
DAILY MARKET STATISTICS (As on 18thJANUARY 2013)
CHANA
7/19/2012
Symbol CHILLI EUR-INR GUR
4556
Series/Expiry 7/19/2012 5060Unit 29-Jan-2013 7/19/2012
4573
4525
5060 Open5018
4560
4532
-28
High
5120 Low 5018 Close -102
1 EUR 1188 72.51001178 72.5125 1188 1183.571.88001178 71.9425 -5.5
-0.61
Prev. Close
-1.99
72.6475
-0.46
EUR-INR JEERA
26-Feb-2013 1 EUR 1496072.7025 7/19/2012 14955 14650 72.7925 15052.572.1675 14800 72.2425 -252.5
GBP-INR KAPAS
29-Jan-2013 7/19/2012
1 GBP 1053 86.64001035 86.6400 1044 1049 85.80001041 85.8425-8
87.1100 -0.76
GBP-INR PEPPER
26-Feb-2013 42300 1 GBP 4255587.0050 7/19/2012 42250 87.0050 42390 86.1550 42435 86.1750 45
87.4275 0.11
72.9300
-1.68
REFJPY-INR SOYA
29-Jan-2013 7/19/2012
100 JPY 783.6 60.4325 780.5 777.4 60.4325 782.8559.8325781.3 60.0150 -1.55
60.9475 -0.2
SOYJPY-INR BEAN
26-Feb-2013 7/19/2012
100 JPY 4330 60.8700 4309 4265.5 60.8700 4303 60.15254315 60.2975 12
61.2275 0.28
USD-INR TURMERIC
29-Jan-2013 7/19/2012
1 USD 4676 54.32004518 54.3200 4600 4664 53.82504540 53.8575 -124
54.3875 -2.66
USD-INR WHEAT
26-Feb-2013 7/19/2012
1 USD 1282 54.57251251 54.5725 1251 1246 54.08001282 54.1125 36
54.6525 2.89
USD-INR
27-Mar-2013
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1 USD
54.8450
54.8475
54.3750
54.4150
54.9425
+919752199966
WEEKLY USD/INR CHART
ANALYSIS OPEN: 55.2300 HIGH: 55.6000 LOW: 54.5500 CLOSE: 54.9400
USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS
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WEEKLY EUR/INR CHART
ANALYSIS OPEN: 72.0200 HIGH: 72.9300 LOW: 71.5100 CLOSE: 72.8200
EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING EVENTS DAY
TIME
CURRENCY DETAILS
ACTUAL
FORECAST
PREVIOUS
MONDAY
All Day
EUR
Eurogroup Meetings
TUESDAY
3:30pm
EUR
German ZEW Economic Sentiment
12.2
6.9
TUESDAY
8:30pm
USD
Existing Home Sales
5.09M
5.04M
WEDNESDAY
11:30pm
EUR
ECB President Draghi Speaks
THURSDAY
2:00pm
EUR
German Flash Manufacturing PMI
THURSDAY
7:00pm
USD
Unemployment Claims
361K
335K
EUR
German Ifo Business Climate
103.1
102.4
USD
New Home Sales
383K
377K
FRIDAY FRIDAY
2:30pm 8:30pm
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