DAILY FOREX REPORT RESEARCH VIA 4/15/2013
www.researchvia.com
9977785000
MARKET HEADLINES
Rupee flat; lower retail inflation spurs rate cut hopes The rupee ended flat on Friday as a slump in local stocks after a weak revenue guidance from IT bellwether Infosys, was evened out by hopes the Reserve Bank of India (RBI) would cut interest rates next month after data showed slowing consumer inflation. The partially convertible rupee ended at 54.52/53 per dollar, unchanged from its close on Wednesday. Earlier in the session it had risen to 54.34, a 1-week high.
Yuan hits record high as PBOC sets strong midpoint The yuan hit a record high against the dollar on Friday as the People's Bank of China (PBOC) fixed its official midpoint at the strongest level yet ahead of a Beijing visit by US Secretary of State John Kerry. The spot rate finished at 6.1922 against the dollar, its highest close since the domestic market - the China Foreign Exchange Trade System - was established in 1994. During the session, the yuan also hit an alltime intraday high of 6.1900.
Euro falls more than 1% against yen The euro fell more than one per cent on the day versus the yen on Friday as investors cut short yen positions and booked profits after a sharp slide triggered by the BOJ's massive policy easing steps. The euro was down 1.2 per cent on the day at 129.015 yen, moving away from a near three-year high of 131.1 yen hit on Thursday. The dollar was also down 0.7 per cent against the yen at 98.98 yen.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
EURINR
26-Apr-2013
71.5075
71.6700
71.3225
71.4175
EURINR
29-May-2013
71.9300
72.0800
71.7475
71.8150
EURINR
26-Jun-2013
72.4150
72.4150
72.4150
72.4150
GBPINR
26-Apr-2013
83.9000
84.1150
83.8375
84.0075
GBPINR
29-May-2013
84.4000
84.5500
84.3000
84.4375
JPYINR
26-Apr-2013
54.8325
55.3825
54.8325
55.1750
JPYINR
29-May-2013
55.2500
55.7275
55.2150
55.5400
USDINR
26-Apr-2013
55.9800
56.0000
55.9475
55.9475
USDINR
29-May-2013
54.5200
54.7650
54.4800
54.6950
USDINR
26-Jun-2013
54.8200
55.0750
54.8150
55.0000
RBI REFERENCE RATE (As on 12TH April 2013) UNDERLYING
RATE
USDINR
54.4425
EURINR
71.3310
GBPINR
83.7761
JPYINR
54.7700
USDINR DAILY ANALYSIS
PIVOT POINTS S1-54.5292 S2-54.3633 PP-54.6458 R1-54.8117 R2-54.9283
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 71.2717 S2-71.1258 PP-71.4683 R1-71.6142 R2-71.8108
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1- 83.8650 S2-83.7225 PP-83.9900 R1-84.1325 R2-84.2575
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 54.8775 S2- 54.5800 PP-55.1300 R1- 55.4275 R2- 55.6800
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.