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DAILY FOREX REPORT 31ST DECEMBER 2012 WWW.EPICRESEARCH.CO +919752199966 HEADLINES 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 BELOW 55.10 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. PAST PERFORMANCE SELL USD/INR REFERENCE RATE BELOW 54.83 As on 28TH December 2012 FOR TGT 54.68/54.53 UNDERLYING RATE SL 54.98 USDINR 54.8473 UNEXECUTED EURINR 72.6298 GBPINR 88.3974 JPYINR 63.4600 www.epicresearch.co +919752199966 DAILY MARKET STATISTICS PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE 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 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255589.1500 7/19/2012 1 42250 89.2075 42390 88.9000 42435 89.0025 45 89.6325 0.11 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 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 55.2050 1251 55.2050 1251 1246 55.0200 1282 55.1100 36 55.2325 2.89 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 www.epicresearch.co +919752199966 DAILY USD/INR CHART ANALYSIS OPEN: 55.1625 HIGH: 55.2000 LOW: 55.0200 CLOSE: 55.1100 USD/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co +919752199966 DAILY EUR/INR CHART ANALYSIS OPEN: 73.0525 HIGH: 73.1000 LOW: 72.5100 CLOSE: 72.5425 EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co +919752199966 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 Manufacturing PMI 31st-4th GBP Nationwide HPI m/m 0.1% 0.0% 3:00pm GBP Housing Equity -9.8B Withdrawal q/q 9:30pm USD Crude Oil Inventories -1.6M -1.0M 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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