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DAILY FOREX REPORT 2ND JANUARY 2013 WWW.EPICRESEARCH.CO +919752199966 HEADLINES Rupee gains at open in 2013; U.S. 'fiscal cliff' deal aids The rupee rose in opening trade on Tuesday, boosted by a deal to avert the U.S. "fiscal cliff", but gains were capped by a surge in the country's current account deficit. At 9:06 a.m. (0336 GMT), the partially convertible rupee was at 54.82/83 per dollar versus its previous close of 54.99/55.00.The White House and congressional lawmakers have reached a deal to avoid the "fiscal cliff" that would delay harsh spending cuts by two months, Obama administration officials said on Monday. India's current account deficit widened to a record high of 5.4 percent of GDP in the September quarter as export growth slowed more sharply than imports, with a similar gap TRADING TIPS expected in the December quarter likely to prolong SELL USD/INR weakness in the rupee. BELOW 55.00 Rupee stabilises further against dollar, up 24 FOR TGT paise 54.85/54.70 The Indian rupee stabilized further against the American SL 55.15 currency in the late morning trade by surging 24 paise to PAST 54.75 per dollar on persistent selling of dollar by banks PERFORMANCE REFERENCE RATE BUY USD/INR As on 1ST January 2013 ABOVE 55.20 FOR TGT UNDERLYING RATE 55.35/55.50 USDINR 54.8320 SL 55.05 EURINR 72.4803 UNEXECUTED GBPINR 89.2254 JPYINR 63.2100 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 72.6500 72.9900 72.6025 72.7175 72.7125 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 73.0275 73.1500 72.8175 72.9375 72.9750 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 29-Jan-2013 1 GBP 89.1975 89.3600 88.9600 89.2825 89.0950 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255589.2675 7/19/2012 1 42250 89.6000 42390 89.2250 42435 89.5325 45 89.3650 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 63.5300 63.9325 63.5300 63.6700 64.0525 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Feb-2013 100 JPY 63.9675 64.1300 63.8700 63.8825 64.2550 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 55.0525 1251 55.1650 1251 1246 54.9150 1282 55.0225 36 55.1500 2.89 USDINR 26-Feb-2013 1 USD 55.2150 55.4050 55.1625 55.2725 55.4025 USDINR 27-Mar-2013 1 USD 55.4600 56.0675 55.4075 55.5250 55.6525 www.epicresearch.co +919752199966 DAILY USD/INR CHART ANALYSIS OPEN: 54.9475 HIGH: 55.1650 LOW: 54.9150 CLOSE: 55.0225 USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: SELL ON RISE www.epicresearch.co +919752199966 DAILY EUR/INR CHART ANALYSIS OPEN: 72.7500 HIGH: 72.9900 LOW: 72.6025 CLOSE: 72.7175 EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: SELL ON RISE www.epicresearch.co +919752199966 FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 1:45pm EUR Spanish Manufacturing 44.9 45.3 PMI 2:15pm EUR Italian Manufacturing PMI 45.4 45.1 7:30pm USD Final Manufacturing PMI 53.2 54.2 8:30pm USD ISM Manufacturing PMI 50.2 49.5 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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