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DAILY FOREX REPORT 1ST JANUARY 2013 WWW.EPICRESEARCH.CO +919752199966 HEADLINES Rupee appreciates as custodian banks sell dollars Rupee appreciated to 54.65/66 versus its previous close of 54.7550/7650 due to dollar selling by custodian banks, traders say. Despite stocks being down 0.15 per cent, custodian banks have been selling dollars since early trade, three dealers say, suggesting domestic funds are likely on the sell-side on the last day of 2012. Traders expect the pair to hold in a 54.55 to 55.90 range during the session, USD/INR wedged in thin band on last day of 2012 USD/INR continues to trade marginally higher at 54.78/79 versus its previous close of 54.7550/7660 as TRADING TIPS mild dollar demand from oil refiners at month-end gets BUY USD/INR offset by dollar sales by exporters. The pair has been wedged in a narrow 54.75 to 54.81 band so far in the ABOVE 55.15 session. Trading is also dull on the last day of 2012 as FOR TGT most Asian and western European markets are either 55.30/55.45 closed or will be closing early for the day. Traders to await SL 55.00 resolution of the US fiscal cliff for near-term direction PAST while domestically the September quarter current account PERFORMANCE deficit data due at 1130 GMT will be watched. SELL USD/INR REFERENCE RATE BELOW 55.10 As on 31ST December 2012 FOR TGT 54.95 SL 55.25 UNDERLYING RATE TARGET ACHIEVED USDINR 54.7773 EURINR 72.2605 GBPINR 88.5092 JPYINR 63.6600 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 72.6400 72.7950 72.3750 72.7125 72.5425 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 72.9175 73.0300 72.5975 72.9750 72.7775 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 29-Jan-2013 1 GBP 88.8700 89.2600 88.5625 89.0950 88.7025 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255589.1225 7/19/2012 1 42250 89.4975 42390 88.8375 42435 89.3650 45 89.0025 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 64.0675 64.1000 63.8000 64.0525 63.8850 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Feb-2013 100 JPY 64.2325 64.2800 64.0525 64.2550 64.0950 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 55.0025 1251 55.2025 1251 1246 54.9300 1282 55.1500 36 55.1100 2.89 USDINR 26-Feb-2013 1 USD 55.3000 55.4475 55.1800 55.4025 55.3525 USDINR 27-Mar-2013 1 USD 55.5675 55.6800 55.4375 55.6525 55.6075 www.epicresearch.co +919752199966 DAILY USD/INR CHART ANALYSIS OPEN: 55.1100 HIGH: 55.2025 LOW: 54.9300 CLOSE: 55.1500 USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966 DAILY EUR/INR CHART ANALYSIS OPEN: 72.7125 HIGH: 72.7900 LOW: 72.7125 CLOSE: 72.7125 EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966 FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS All Day EUR German Bank Holiday All Day EUR Italian Bank Holiday All Day GBP Bank Holiday All Day USD Bank Holiday 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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