DAILY FOREX REPORT RESEARCH VIA 5/22/2013
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MARKET HEADLINES
ďƒ˜ Rupee falls to near 6-month low on stock losses, importer demand The rupee dropped to its lowest in nearly six months on Tuesday, dragged by late falls in local shares and import-related demand from a large private company. The rupee has fallen 2.9 percent so far this month against the dollar, despite strong foreign inflows into debt and stock markets as the dollar gains against global currencies on worries about whether the U.S. monetary stimulus will continue. The partially convertible rupee fell for a third straight session to close at 55.41/42 per dollar compared with Monday's close of 55.10/11. The rupee dropped to as much as 55.42, its lowest since Nov. 29.
ďƒ˜ Sterling falls, UK gilts rise after inflation data Sterling fell and gilts rose on Wednesday after Britain's April inflation rate undershot expectations. Sterling fell to $1.5184 from $1.5212 as the data was perceived by traders as giving incoming Bank of England chief Mark Carney more room to ease monetary policy later in the year. The euro rose to 84.675 from 84.58 pence. British June government bond futures extended gains by almost 20 ticks to hit a session high of 117.79 after the data, and at 0832 GMT were trading 9 ticks up on the day at 117.69.
ďƒ˜ Swiss franc steadies above recent lows as dollar loses steam The Swiss franc was little changed against the euro and dollar on Tuesday, as the greenback inched up against major currencies on suspense Federal Reserve Chairman Ben Bernanke will reveal timings for any reduction in bond-buying stimulus. safe-haven currency. The franc was virtually unchanged against the dollar to trade at 0.9695 by 0735 GMT compared to the New York close. The franc was flat against the euro at 1.2458.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
EURINR
29-May-2013
71.0025
71.3375
70.8000
71.2775
EURINR
26-Jun-2013
71.2725
71.5900
71.1175
71.5450
EURINR
29-Jul-2013
71.5625
71.8475
71.5025
71.8425
GBPINR
29-May-2013
84.0000
84.0900
83.6900
84.0075
GBPINR
26-Jun-2013
84.3150
84.4025
84.0100
84.3325
JPYINR
29-May-2013
53.8725
54.0600
53.7075
54.0275
JPYINR
26-Jun-2013
54.0450
54.2950
53.9600
54.2675
USDINR
29-May-2013
55.0800
55.5275
55.0225
55.4675
USDINR
26-Jun-2013
55.3000
55.7300
55.2450
55.6875
USDINR
29-Jul-2013
55.5550
55.9900
55.5225
55.9475
RBI REFERENCE RATE (As on 21ST MAY 2013) UNDERLYING
RATE
USDINR
55.0395
EURINR
70.9269
GBPINR
83.9517
JPYINR
53.6700
USDINR DAILY ANALYSIS
PIVOT POINTS S1-55.1533 S2-54.8392 PP-55.3367 R1-55.6508 R2-55.8342
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 70.9775 S2-70.6775 PP-71.1575 R1-71.4575 R2-71.6375
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1-83.7692 S2-83.5308 PP-83.9283 R1-84.1667 R2-84.3258
54.9950
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 53.8033 S2- 53.5792 PP-53.9317 R1- 54.1558 R2- 54.2842
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