DAILY FOREX REPORT RESEARCH VIA 5/29/2013
www.researchvia.com
9977785000
MARKET HEADLINES
ďƒ˜ Rupee falls to near 56 against dollar The rupee was just short of the 56 mark as exporters rushed in to sell, pulling the Indian currency down to 55.88/89 but still well below its close of 55.5675/5775 on Monday. Traders said heavy dollar demand from oil and defence firms and also from some custodian buying by two large foreign banks are hurting the rupee. Exporters, however, are likely to sell the US currency around 56 levels, preventing a very sharp fall in the Indian currency during this session, traders said.
ďƒ˜ Yuan ends lower, takes break after slew of record highs in May China's yuan, which has hit record highs against the dollar seven times this month, closed slightly weaker on Tuesday after the central bank set a slightly lower midpoint to signal a pause in the currency's appreciation. Spot yuan closed at 6.1215 against the dollar, down slightly from 6.1211 at the close on Monday when the currency reached an intraday high of 6.1210, its highest since China set up the domestic foreign exchange market in 1994.
ďƒ˜ Swiss franc falls as risk aversion eases The Swiss franc fell against the euro and the dollar on Tuesday as global markets stabilised following the recent patch of volatility, prompting less demand for safe-haven currencies. The franc fell 0.6 percent against the dollar to trade at 0.9693 by 0700 GMT compared to the New York close. The franc fell 0.4 percent against the euro to 1.2502. St. Galler Kantonalbank analysts said they expected the franc to trade between 1.24 and 1.26 per euro for the time being.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
EURINR
29-May-2013
71.8200
72.4400
71.8200
72.3850
EURINR
26-Jun-2013
72.2025
72.7200
72.1575
72.6525
EURINR
29-Jul-2013
72.5575
72.9975
72.4975
72.9200
GBPINR
29-May-2013
84.0650
84.6400
84.0600
84.5750
GBPINR
26-Jun-2013
84.4000
84.9625
84.3925
84.8775
JPYINR
29-May-2013
54.8975
54.9100
54.5725
54.8450
JPYINR
26-Jun-2013
55.2500
55.2500
54.8525
55.1125
USDINR
29-May-2013
55.7450
56.0175
55.6700
55.9475
USDINR
26-Jun-2013
55.9000
56.2600
55.8000
56.1925
USDINR
29-Jul-2013
56.2300
56.5075
56.1600
56.4325
RBI REFERENCE RATE (As on 28TH MAY 2013) UNDERLYING
RATE
USDINR
55.7423
EURINR
72.0265
GBPINR
84.1709
JPYINR
54.6500
USDINR DAILY ANALYSIS
PIVOT POINTS S1-55.7392 S2-55.5308 PP-55.8783 R1-56.0867 R2-56.2258
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 71.9908 S2-71.5967 PP-72.2142 R1-72.6083 R2-72.8317
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1-84.2100 S2-83.8450 PP-84.4250 R1-84.7900 R2-85.0050
54.9950
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 54.6433 S2- 54.4417 PP-55.7767 R1- 54.9783 R2- 55.1117
DISCLAIMER All data and reports at Research Via are only information services for subscribers and are not individualized recommendations to buy or sell securities, nor offers to buy or sell securities. Under any circumstances the subscription amount paid to Research Via are not refundable. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. This Website is for information purposes only. The information contained on this should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for the units of the schemes of Research Via. Research Via is neither responsible nor liable for third party content provided or content from any other aspect of any other Website, which may be accessed from this Website. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the site. Although Research Via attempts to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform Research Via so that it can be corrected. Research Via and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research Via is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails. Research Via is not responsible for the content of any of the linked sites. By providing access to other web-sites, Research Via is neither recommending nor endorsing the content available in the linked websites.