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DAILY FOREX REPORT
7TH JANUARY 2013
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HEADLINES
Rupee down for second day on short-covering
Traders say short-covering in the dollar seen on the back
of losses in regional equity markets, but exporters are
expected to step up sales at higher levels, holding the pair
in a 54.65 to 54.95 range. Asian shares fall tracking
overnight weakness in global equities after senior Federal
Reserve officials express concerns about continuing to
expand simulative bond buying. Traders will also watch
domestic share market moves for cues on foreign fund
flows. Shares trading down 0.1 percent in early trade.
Rupee down 33 paise Vs dollar in early trade
TRADING TIPS The rupee today weakened by 33 paise to 54.83 against
the dollar in early trade at the Interbank Foreign
BUY EUR/INR Exchange market due to increased demand for the US
ABOVE 71.97 currency from importers amid firm global cues. Forex
FOR TGT dealers said besides dollar's gains against euro and yen
72.12/72.27 overseas, increased demand from oil importers for the
American currency and a weak opening in the stock
SL 71.82
market also put pressure on the rupee. The rupee had lost
PAST
15 paise to close at 54.50 against the US dollar yesterday.
PERFORMANCE
SELL USD/INR REFERENCE RATE
BELOW 54.70 As on 4THJanuary 2013
FOR TGT
54.55/54.40 UNDERLYING RATE
USDINR 54.8458
SL 54.85
UNEXECUTED EURINR 71.5405
GBPINR 88.1646
JPYINR 62.5000
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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 71.6500 72.0425 71.5700 71.9600 71.7075
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 71.8400 72.2775 71.8125 72.1825 71.9600
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
GBPINR 29-Jan-2013 1 GBP 88.6000 88.6950 88.2125 88.5950 88.4875
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
GBPINR
PEPPER 26-Feb-2013 42300 GBP 4255588.5700
7/19/2012 1 42250 88.9700
42390 88.5125
42435 88.8575
45 88.7475
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 62.7325 62.8350 62.5125 62.7100 62.9725
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
JPYINR 26-Feb-2013 100 JPY 62.9050 63.0575 62.7525 62.9050 63.1525
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
USDINR
WHEAT 29-Jan-2013
7/19/2012 1USD 1282 54.8300
1251 55.3900
1251 1246 54.8300
1282 55.3325
36 54.7300
2.89
USDINR 26-Feb-2013 1 USD 55.1600 55.6325 55.1600 55.5800 54.9675
USDINR 27-Mar-2013 1 USD 55.3950 55.8700 55.3925 55.8275 55.2175
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DAILY USD/INR CHART
ANALYSIS
OPEN: 54.9450
HIGH: 55.3900
LOW: 54.9250
CLOSE: 55.3325
USD/INR LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS
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DAILY EUR/INR CHART
ANALYSIS
OPEN: 71.7050
HIGH: 72.0425
LOW: 71.5700
CLOSE: 71.9600
EUR/INR LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
1:30pm CHF Foreign Currency Reserves 427.4B
3:00pm EUR Sentix Investor Confidence -16.8
3:30pm EUR PPI m/m 0.1%
8:30pm CAD Ivey PMI 47.5
9:30pm USD Crude Oil Inventories -1.6M -1.0M
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