WEEKLY FOREX REPORT 28th JANUARY 2013
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HEADLINES
Rupee drops on dollar short-covering, oil demand The rupee was weighed down by strong dollar demand from oil firms on Thursday but the central bank's notification of the increase in foreign institutional investment limits in debt prompted some dollar selling by exporters. India's central bank relaxed some of the rules for foreign institutional investors (FIIs) buying into domestic debt as part of the government's longexpected $10 billion increase in corporate and government debt limits.
RBI REFERENCE RATE As on 24THJANUARY 2013
Dollar up vs yen on buy backs; yen's downtrend seen intact The dollar rose against the yen on Thursday with
UNDERLYING
traders attributing the move to position squaring by
RATE
USDINR
53.8515
EURINR
71.7210
GBPINR
85.2550
JPYINR
60.3000
short-term players in the wake of the yen's bounce over the past couple of days.
Yuan edges lower in active trading, narrow movement seen The Chinese yuan fell slightly in active trade on Thursday morning after the central bank set a slightly weaker official midpoint to reflect a small rise in the dollar index the day before. Traders said both banks and their clients expect the yuan to move narrowly in the near term and were willing to do business at current levels..
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
DAILY MARKET STATISTICS (As on 24thJANUARY 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 71.50001178 71.8450 1188 1183.571.34501178 71.5750 -5.5
-0.61
Prev. Close
-1.99
71.5325
-0.46
EUR-INR JEERA
26-Feb-2013 1 EUR 1496071.8450 7/19/2012 14955 14650 72.1000 15052.571.6300 14800 71.8350 -252.5
GBP-INR KAPAS
29-Jan-2013 7/19/2012
1 GBP 1053 85.08751035 85.3275 1044 1049 84.91001041 85.0175-8
85.0425 -0.76
GBP-INR PEPPER
26-Feb-2013 42300 1 GBP 4255585.4500 7/19/2012 42250 85.6500 42390 85.2450 42435 85.3175 45
85.3850 0.11
71.8075
-1.68
REFJPY-INR SOYA
29-Jan-2013 7/19/2012
100 JPY 783.6 60.2000 780.5 777.4 60.5150 782.8559.8850781.3 59.9575 -1.55
60.7300 -0.2
SOYJPY-INR BEAN
26-Feb-2013 7/19/2012
100 JPY 4330 60.6525 4309 4265.5 60.7900 4303 60.19004315 60.2225 12
61.0100 0.28
USD-INR TURMERIC
29-Jan-2013 7/19/2012
1 USD 4676 53.66004518 53.8925 4600 4664 53.59004540 53.6950 -124
53.6400 -2.66
USD-INR WHEAT
26-Feb-2013 7/19/2012
1 USD 1282 53.96501251 54.1200 1251 1246 53.82251282 53.9275 36
53.8850 2.89
USD-INR
27-Mar-2013
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1 USD
54.2275
54.3900
54.1075
54.2000
54.1700
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WEEKLY USD/INR CHART
ANALYSIS OPEN: 53.8500 HIGH: 54.0200 LOW: 53.4100 CLOSE: 53.7000
USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS
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WEEKLY EUR/INR CHART
ANALYSIS OPEN: 71.8000 HIGH: 71.9800 LOW: 71.2500 CLOSE: 72.5800
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
3:00pm
GBP
Construction PMI
48.7
TUESDAY
3:00pm
GBP
Services PMI
48.9
TUESDAY
8:30pm
USD
ISM Non-Manufacturing PMI
56.1
THURSDAY
3:00pm
GBP
Manufacturing Production m/m
-0.3%
THURSDAY
Tentative
EUR
Spanish 10-y Bond Auction
THURSDAY
5:30pm
GBP
Asset Purchase Facility
375B
375B
EUR
Minimum Bid Rate
0.75%
0.75%
383K
377K
THURSDAY
6:15pm
THURSDAY
7:00pm
EUR
ECB Press Conference
THURSDAY
7:00pm
USD
Unemployment Claims
FRIDAY
7:00pm
USD
Trade Balance
-48.7B
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