Document Sample
					                DAILY FOREX REPORT
                 1ST JANUARY 2013

WWW.EPICRESEARCH.CO                  +919752199966
                        HEADLINES
                        Rupee      appreciates     as   custodian     banks     sell

                        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

                        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                                       +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

 PEPPER      26-Feb-2013 42300 GBP 4255589.1225
            7/19/2012        1               42250 89.4975
                                                       42390             88.8375
                                                                           42435     89.3650
                                                                                      45          89.0025

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

 WHEAT       29-Jan-2013
            7/19/2012          1USD 1282 55.0025
                                              1251 55.2025
                            1251                       1246              54.9300
                                                                            1282     55.1500
                                                                                      36          55.1100

 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
                               DAILY USD/INR CHART

OPEN: 55.1100
HIGH: 55.2025
LOW: 54.9300
CLOSE: 55.1500



                              DAILY EUR/INR CHART

OPEN: 72.7125
HIGH: 72.7900
LOW: 72.7125
CLOSE: 72.7125


                              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

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