DAILY FOREX REPORT 9TH JANUARY 2013

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 HEADLINES
Rupee declines by 7 paise vs. dollar in late morning trade The rupee today slipped by seven paise to 55.30 in the late morning trade due to renewed dollar demand from banks and importers amid lower equities. Earlier the rupee resumed higher at 55.15 per dollar as against the last closing level of 55.23 per dollar at the Interbank Foreign Exchange (Forex) Market, but later hovered in a range of 55.3250 per dollar and 55.05 per dollar before quoting at 55.30 per dollar at 1100 hrs.Forex dealers said bouts of heavy dollar demand from banks and oil importers amid lower equities attributed the rupee sentiment. In New York market, the dollar declined against the basket currencies late yesterday on trader cautiousness over next steps by the US Federal Reserve and European Central Bank.

TRADING TIPS SELL USD/INR BELOW 55.22 FOR TGT 55.07/54.92 SL 55.42 PAST PERFORMANCE BUY USD/INR ABOVE 55.47 FOR TGT 55.62/55.77 SL 55.32 SL TRIGGERED

REFERENCE RATE
As on 8THJanuary 2013
UNDERLYING
USDINR EURINR GBPINR JPYINR

RATE
55.3278 72.5680 89.0501 63.3300

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DAILY MARKET STATISTICS

PRODUCT NAME EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

Symbol
CHANA

Series/Expiry
7/19/2012 7/19/2012 7/19/2012

Unit
4556 5060 1188 4573 5060 1188

Open
4525

High
4560

Low
4532

Close
-28

Prev. Close
-0.61 -1.99 -0.46 -1.68

EURINR
CHILLI GUR

29-Jan-2013

1 EUR

72.4725

5018 1178

72.9275

5120

72.3825
5018 1178

72.4125
-102 -5.5

72.3375

EURINR
JEERA

26-Feb-2013

1 EUR

72.7000

73.1400

1183.5

72.6225
14800

72.6375
-252.5

72.5650

7/19/2012

14955

14960 1053

14650 1035

15052.5

GBPINR
KAPAS

29-Jan-2013
7/19/2012

1 GBP
1044

89.0000

89.4850
1049

88.7250
1041

88.7675
-8

89.0200
-0.76

GBPINR PEPPER
REF SOYA

26-Feb-2013 42300 GBP 4255589.3100 1 7/19/2012 42250 89.7500 42390

7/19/2012 7/19/2012 780.5 4309 783.6 4330 4676 777.4 782.85 4303

89.0200 42435
781.3 4315

89.0550 45
-1.55 12

89.3000 0.11
-0.2

JPYINR

29-Jan-2013

100 JPY

63.2000

63.6800

63.0900

63.1800

63.1600

SOY BEAN

4265.5

0.28

JPYINR
TURMERIC WHEAT USDINR

26-Feb-2013
7/19/2012 7/19/2012 29-Jan-2013

100 JPY
4600

63.3075
4518

63.8600
4664

63.3075
4540

63.4000
-124

63.3525
-2.66 2.89 55.4700

1251 1USD 1282 55.3925 1251 55.6000 1246

55.1950 1282

55.2250 36

USDINR

26-Feb-2013

1 USD

55.6225

55.8375

55.4450

55.4725

55.7175

USDINR

27-Mar-2013

1 USD

55.8550

56.0750

55.7025

55.7150

55.9575

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DAILY USD/INR CHART

ANALYSIS
OPEN: 55.3725 HIGH: 55.5950 LOW: 55.1975 CLOSE: 55.2250

USD/INR LOOKS DOWNWARDS TREND: BEARISH

STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS
OPEN: 72.4725 HIGH: 72.9275 LOW: 72.3825 CLOSE: 72.4125

EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE

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FOREX FORTHCOMING DATA

TIME
3:30pm 4:30pm 9:00pm 11:30pm 9:30pm

CURRENCY
EUR EUR USD USD USD

DATA
Final GDP q/q German Industrial Production m/m Crude Oil Inventories 10-y Bond Auction Crude Oil Inventories

ACTUAL

FORECAST
-0.1% 1.1%

PREVIOUS
-0.1% -2.6% -11.1M 1.65|3.0

-1.6M

-1.0M

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