DAILY FOREX REPORT RESEARCH VIA 5/28/2013
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MARKET HEADLINES
ďƒ˜ Rupee inches up as shares gain; month-end dollar demand hurts The rupee edged higher to 55.57/58 versus its close of 55.63/64 on Friday, tracking gains in the share market. Shares were trading up 0.9 per cent, pulled up by gains in Reliance Industries which rose 4.5 per cent after the conglomerate and its partners said they made a significant gas discovery in the KG-D6 basin.Most Asian currencies were trading slightly stronger compared with the dollar. The dollar's broad losses versus major currencies also helping the Indian currency. The dollar's index versus six majors was down 0.17 per cent.
ďƒ˜ Swiss franc up as Nikkei slide hits risk sentiment The Swiss franc ticked up against the euro and the dollar on Monday as another sharp fall in Japanese equities weighed on appetite for risk. Japan's Nikkei Index slid more than 3 percent, following on from turbulent trading in the previous week when concerns over weak Chinese manufacturing data and worries the U.S. Federal reserve might start reducing its bond-buying programme hit stocks and currency markets. The safe-haven franc was trading up 0.1 percent against the euro at 1.2426 compared to the New York close. Against the dollar, the franc was also up 0.1 percent at 0.9604, with a holiday in the United States and Britain expected to keep trading thin.
ďƒ˜ Yen stays near 2-1/2 week high against dollar The yen rose on Monday, hovering near its highest in more than two weeks against the dollar, as another drop in Japanese shares continued to encourage investors to unwind dollar hedge positions. Trading was quiet, however, with UK and U.S. markets closed for a public holiday. The dollar was down 0.4 percent at 100.84 yen, near Friday's trough around 100.66 yen, its lowest since May 10.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
EURINR
29-May-2013
72.0525
72.1225
71.9100
71.9575
EURINR
26-Jun-2013
72.3450
72.4100
72.1850
72.2250
EURINR
29-Jul-2013
72.6600
72.6650
72.5175
72.5575
GBPINR
29-May-2013
84.2125
84.3700
84.0425
84.1050
GBPINR
26-Jun-2013
84.6125
84.7550
84.3925
84.4425
JPYINR
29-May-2013
55.1225
55.2875
55.0200
55.1175
JPYINR
26-Jun-2013
55.4000
55.6000
55.3100
55.3875
USDINR
29-May-2013
55.7500
55.7875
55.5600
55.6000
USDINR
26-Jun-2013
55.9100
56.0325
55.7925
55.8350
USDINR
29-Jul-2013
56.2700
56.2800
56.0600
56.0925
RBI REFERENCE RATE (As on 27TH MAY 2013) UNDERLYING
RATE
USDINR
55.6198
EURINR
71.9580
GBPINR
84.1806
JPYINR
55.1000
USDINR DAILY ANALYSIS
PIVOT POINTS S1-55.5108 S2-55.4217 PP-55.6492 R1-55.7383 R2-55.8767
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 71.9025 S2-71.8475 PP-72.0125 R1-72.0675 R2-72.1775
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1-84.0200 S2-83.9350 PP-84.1900 R1-84.2750 R2-84.4450
54.9950
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 54.9983 S2- 54.8792 PP-55.1417 R1- 55.2608 R2- 55.4042
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