DAILY FOREX REPORT
31ST DECEMBER 2012
Rupee up against dollar; stocks support
The rupee is still trading with gains amid thin volumes.
The pair is at 54.84/86 versus 54.93/94 at Thursday close.
The pair has traded in a 54.765-54.975 band. Positive local
stocks are supporting the Indian rupee, up 0.5 per cent.
However, oil bids are keeping losses in check. Dealers are
closely watching "fiscal cliff" drama with President Barack
Obama slated to meet Republican and Democrat
Congressional leaders later on Friday. The country's July-
Sept current account deficit will be watched on Monday,
with the gap likely to hit a record high.
Rupee up 3 paise vs dollar in late morning trade
The rupee inched up by three paise to 54.91 against the
TRADING TIPS American currency in late morning trade today on mild
SELL USD/INR selling of dollars from banks despite its higher value
overseas. The Indian rupee resumed higher at 54.87 per
dollar as against the last closing level of 54.94 at the
FOR TGT Interbank Foreign Exchange ( Forex) Market. It moved in
54.95/54.80 a narrow range of 54.86 and 54.97 per dollar before
SL 55.25 quoting 54.91 at 1050 hrs.
SELL USD/INR REFERENCE RATE
As on 28TH December 2012
54.68/54.53 UNDERLYING RATE
SL 54.98 USDINR 54.8473
UNEXECUTED EURINR 72.6298
DAILY MARKET STATISTICS
PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
Symbol Series/Expiry Unit Open High Low Close Prev. Close
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
EURINR 29-Jan-2013 1 EUR 73.1000 73.1700 72.5100 72.5425 73.1800
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
EURINR 26-Feb-2013 1 EUR 73.2100 73.2400 72.7400 72.7775 73.4325
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
GBPINR 29-Jan-2013 1 GBP 88.9025 88.9725 88.6000 88.7025 89.3650
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER 26-Feb-2013 42300 GBP 4255589.1500
7/19/2012 1 42250 89.2075
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
JPYINR 29-Jan-2013 100 JPY 63.9475 64.1975 63.6700 63.8850 64.4025
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
JPYINR 26-Feb-2013 100 JPY 64.1750 64.4075 63.8825 64.0950 64.6025
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
7/19/2012 1USD 1282 55.2050
1251 1246 55.0200
USDINR 26-Feb-2013 1 USD 55.3400 55.4400 55.2675 55.3525 55.4750
USDINR 27-Mar-2013 1 USD 55.6800 55.6800 55.5225 55.6075 55.7175
DAILY USD/INR CHART
USD/INR LOOKS DOWNWARDS
STRATEGY: SELL ON RISE
DAILY EUR/INR CHART
EUR/INR LOOKS DOWNWARDS
STRATEGY: SELL ON RISE
FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
6:00am AUD Private Sector Credit m/m 0.1%
7:15am CNY HSBC Final 50.9
31st-4th GBP Nationwide HPI m/m 0.1% 0.0%
3:00pm GBP Housing Equity -9.8B
9:30pm USD Crude Oil Inventories -1.6M -1.0M
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