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DAILY FOREX REPORT RESEARCH VIA 5/7/2013

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9977785000

MARKET HEADLINES

 Rupee near 1-week low; defence buying rumored The rupee fell to near 1-week high on talk of continued defence buying, said dealers. Outflows related to large petrochemical firm also doing rounds, said dealers.

The rupee fell to 54.16, the lowest since May 1 and is currently at 54.13/14, versus its close of 53.935/945 on Friday.

Dealers are also outwatching for inflows related to Qatar picking up a stake in Bharti AirtelBSE 0.72 % for $1.26 billion.

 Swiss franc steady against dollar amid easing concern The Swiss franc was steady against the dollar, which held gains made late last week after better-than-expected US jobs data eased concerns about the outlook for the world's largest economy.

US employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months. The jobless rate also fell to 7.5 per cent, the lowest since December 2008, data showed on Friday.

This week, currency dealers will watch Tuesday's Swiss unemployment report for April as well as Wednesday's inflation reading for the same month, Huenerwadel said. The franc was unchanged against the dollar to trade at 0.935 by 0610 GMT compared to the New York close.

The franc was virtually unchanged against the euro.

 Dollar extends gains against yen on better US outlook The dollar rose against the yen on Monday as optimism about the US economy resurfaced after Friday's above-forecast jobs data while the euro struggled on more evidence of euro zone weakness.

This was a change from the recent perception that the Fed could even step up asset purchases after a run of softer data. The dollar was up 0.4 per cent at 99.39 yen, extending gains after Friday's 1 per cent rise.

This brought it nearer the 100 yen mark that has been strong resistance in recent weeks.

DAILY MARKET STATISTICS CURRENCY

EXPIRY

OPEN

HIGH

LOW

CLOSE

EURINR

29-May-2013

70.7400

71.2100

70.6975

71.0900

EURINR

26-Jun-2013

71.0525

71.4675

70.9875

71.3400

EURINR

29-Jul-2013

71.4600

71.7500

71.4600

71.6575

GBPINR

29-May-2013

83.8925

84.5000

83.8925

84.3725

GBPINR

26-Jun-2013

84.3250

84.8000

84.3000

84.6975

JPYINR

29-May-2013

54.4975

54.8400

54.4250

54.7475

JPYINR

26-Jun-2013

54.7600

55.1000

54.7500

55.0000

USDINR

29-May-2013

53.9850

54.3425

53.8600

54.2700

USDINR

26-Jun-2013

54.2300

54.5675

54.0950

54.4950

USDINR

29-Jul-2013

54.5350

54.8475

54.4250

54.7650

RBI REFERENCE RATE (As on 6TH MAY 2013) UNDERLYING

RATE

USDINR

53.9495

EURINR

70.7203

GBPINR

84.0317

JPYINR

54.3600

USDINR DAILY ANALYSIS

PIVOT POINTS  S1-53.9758  S2-53.6817  PP-54.1592  R1-54.4533  R2-54.6367

EURINR DAILY ANALYSIS

PIVOT POINTS  S1- 70.7883  S2-70.4867  PP-70.9992  R1-71.3008  R2-71.5117

GBPINR DAILY ANALYSIS

PIVOT POINTS

 S1- 84.3350  S2-84.2975  PP-84.4100  R1-84.4475  R2-84.5225

54.9950

JPYINR DAILY ANALYSIS

PIVOT POINTS

 S1- 54.5017  S2- 54.2558  PP-54.6708  R1- 54.9167  R2- 55.0858

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