DAILY FOREX REPORT BY EPIC RESEARCH- 20 NOVEMBER 2012
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DAILY FOREX REPORT 20TH NOVEMBER 2012 WWW.EPICRESEARCH.CO +919752199966 HEADLINES Rupee extends gains; custodian banks sell dollars The rupee extended gains to 54.95/96 versus its previous close of 55.1650/1750 on the back of dollar inflows with some custodian banks, traders say. Domestic shares, however, were trading up 0.3 per cent. Traders do not see more downside for the pair on the back of a choppy share market. The pair is expected to hold in a 54.85 to 55.10 range for the rest of the session. Rupee up by 12 paise vs dollar in late morning deals TRADING TIPS The Indian rupee recovered by 12 paise to 55.04 against SELL EUR/INR the US dollar in the late morning trade today on fresh selling of the American currency by banks amid BELOW 70.35 persistent capital inflows into the equity market. The FOR TGT rupee resumed higher at 55.07 per dollar as against the 70.15/69.95 last weekend's level of 55.16 at the Interbank Foreign SL 70.55 Exchange (Forex) market and moved up further to 54.98, before quoting 55.04 at 1040 hrs. It moved in a PAST range of 54.98 and 55.08 per dollar during the morning PERFORMANCE deals. • BUY USD/INR RBI REFERENCE RATE ABOVE 55.31 As on 19TH November 2012 FOR TGT 55.46/55.61 UNDERLYING RATE SL 55.11 USDINR 54.9665 UNEXECUTED EURINR 70.1595 GBPINR 87.4957 JPYINR 67.6500 www.epicresearch.co +919752199966 DAILY MARKET STATISTICS PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Prev. Symbol Series/Expiry Unit Open High Low Close Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 27-Nov-2012 1 EUR 70.4725 70.4725 70.1900 70.3525 70.4650 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 EURINR 27-Dec-2012 1 EUR 70.7350 70.7350 70.5050 70.6825 70.7575 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 GBPINR 27-Nov-2012 1 GBP 87.7900 87.8500 87.3900 87.6475 87.6150 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 27-Dec-2012 1 GBP 88.1000 88.1600 87.7800 88.0050 87.9750 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 JPYINR 27-Nov-2012 100 JPY 67.9225 68.0300 67.6050 67.8375 68.1500 PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 JPYINR 27-Dec-2012 100 JPY 68.1575 68.1975 67.8850 68.1025 68.3775 REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 USDINR 27-Nov-2012 1USD 55.2450 55.2450 54.9825 55.1125 55.3150 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 USDINR 27-Dec-2012 1 USD 55.4650 55.4700 55.2500 55.3875 55.5600 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR 29-Jan-2013 1 USD 55.8000 55.8000 55.5000 55.6450 55.7825 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 www.epicresearch.co +919752199966 DAILY USD/INR CHART ANALYSIS OPEN: 55.2400 HIGH: 55.2400 LOW: 54.9825 CLOSE: 55.1125 USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: SELL ON RISE www.epicresearch.co +919752199966 DAILY EUR/INR CHART ANALYSIS OPEN: 70.3525 HIGH: 70.4725 LOW: 70.3525 CLOSE: 70.3525 EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: SELL ON RISE www.epicresearch.co +919752199966 FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 12:30pm EUR German PPI m/m 0.2% 0.3% All Day EUR Eurogroup Meetings 4.75M 7:00pm USD Building Permits 0.87M 0.89M 7:45pm USD Industrial Production 0.3% 0.4% m/m 10:45pm USD Fed Chairman Bernanke Speaks Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. 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