DAILY FOREX REPORT RESEARCH VIA 8/7/2013
www.researchvia.com
9977785000
MARKET HEADLINES
Rupee near record low; African bank big buyer The rupee is closing in on record high of 60.76 again on dollar demand by foreign banks. The rupee is at 60.45/46 versus 60.13/14 last close. Dealers say large African bank has been big buyers since Thursday, though the purpose not known. RBI presence is not yet spotted and dealers are on the watch. Local shares gained 0.6 per cent.
Euro eases against dollar, yen in Asia The euro remained weak against the dollar and the yen in Asian trade on Friday, after it dropped in Europe following announcements from the European Central Bank and the Bank of England. The single currency was changing hands at $1.2893 and 129.28 yen in Friday afternoon trade, down from $1.3000 and 129.62 yen in London Thursday. The dollar was up against the yen, fetching 100.28 yen against 99.71 yen.The US market was closed Thursday for a public holiday.
Sterling hits near 4-month low versus dollar Sterling fell to its lowest in nearly four months against the dollar on Friday, extending the previous day's falls after the Bank of England guided lower expectations of future interest rate hikes. Traders were also anticipating that the pound could fall further later in the day if key US jobs data comes in strong and fans expectations that the Federal Reserve will scale back stimulus. This would boost the dollar broadly. Sterling fell half a per cent on the day and broke below a reported options barrier at $1.5000 to hit $1.4996, its lowest since mid-March. More losses could see the pound target the March 12 low of $1.4832.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
EURINR
29-Jul-13
77.9400
78.3225
77.6600
77.9550
EURINR
28-Aug-13
78.0850
78.6300
77.9950
78.2625
EURINR
26-Sep-13
78.6000
78.8000
78.5900
78.8000
GBPINR
29-Jul-13
90.9325
91.2650
90.6000
90.7175
GBPINR
28-Aug-13
91.3950
91.5625
90.9125
91.0275
JPYINR
29-Jul-13
60.1800
60.8525
60.0800
60.5225
JPYINR
28-Aug-13
60.3825
61.0850
60.3575
60.7900
USDINR
29-Jul-13
60.3200
60.8250
60.2250
60.5600
USDINR
28-Aug-13
60.5975
61.0800
60.5175
60.8225
USDINR
26-Sep-13
60.8525
61.3400
60.7750
61.0975
RBI REFERENCE RATE (As on 5TH JUNE 2013) UNDERLYING
RATE
USDINR
60.3395
EURINR
77.8085
GBPINR
90.7868
JPYINR
60.1400
USDINR DAILY ANALYSIS
PIVOT POINTS S1-60.2483 S2-59.9367 PP-60.5367 R1-60.8483 R2-61.1367
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 77.6358 S2-77.3167 PP-77.9792 R1-78.2983 R2-78.6417
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1-90.4567 S2-90.1958 PP-90.8608 R1-91.1217 R2-91.5258
54.9950
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 60.1175 S2- 59.7125 PP-60.4850 R1- 60.8900 R2- 61.2575
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.