DAILY FOREX REPORT 8TH JANUARY 2013

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 HEADLINES
Rupee falls to 1 month low on euro, share losses The rupee fell to an over 1-month low in late trade on Monday as local stocks slipped and the euro weakened as last week's Federal Reserve minutes continued to cast doubt over future US monetary stimulus. The BSE stock index gave up early gains to end down 0.47 per cent. The rupee was at 55.26/27 per dollar as of 1010 GMT, its weakest since Nov 29, and down from its previous closes of 55.07/08. Rupee slips 13 paise against dollar; fails to maintain upward momentum

TRADING TIPS BUY USD/INR ABOVE 55.47 FOR TGT 55.62/55.77 SL 55.32 PAST PERFORMANCE BUY EUR/INR ABOVE 71.97 FOR TGT 72.12/72.27 SL 71.82 TARGET ACHIEVED

Failing to maintain its initial upward momentum, the rupee today slid by 13 paise to 55.03 against the dollar in late morning trade due to bouts of demand for the US currency from banks and oil importers amid firm cues overseas.The rupee had gained 17 paise in the early morning trade and was trading at 54.90.The local currency resumed higher at 55 per dollar as against the previous closing level of 55.82 at the Interbank Foreign Exchange (Forex) Market. It traded in a range of 54.90 and 55.04 before quoting 55.03 at 1110 hrs.

REFERENCE RATE
As on 7THJanuary 2013
UNDERLYING
USDINR EURINR GBPINR JPYINR

RATE
54.9780 71.6690 88.1077 62.6700

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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

72.0200

5018 1178

72.4000

5120

71.8675
5018 1178

72.3375
-102 -5.5

71.9600

EURINR
JEERA

26-Feb-2013

1 EUR

72.3175

72.6200

1183.5

72.0875
14800

72.5650
-252.5

72.1825

7/19/2012

14955

14960 1053

14650 1035

15052.5

GBPINR
KAPAS

29-Jan-2013
7/19/2012

1 GBP
1044

88.5750

89.1300
1049

88.3250
1041

89.0200
-8

88.5950
-0.76

GBPINR PEPPER
REF SOYA

26-Feb-2013 42300 GBP 4255588.8500 1 7/19/2012 42250 89.4000 42390

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

88.6000 42435
781.3 4315

89.3000 45
-1.55 12

88.8575 0.11
-0.2

JPYINR

29-Jan-2013

100 JPY

62.5925

63.2700

62.5425

63.1600

62.7100

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

62.8750
4518

63.4750
4664

62.7450
4540

63.3525
-124

62.9050
-2.66 2.89 55.3325

1251 1USD 1282 55.2325 1251 55.5350 1246

55.1125 1282

55.4700 36

USDINR

26-Feb-2013

1 USD

55.4200

55.7700

55.3675

55.7175

55.5800

USDINR

27-Mar-2013

1 USD

55.6925

56.0100

55.6200

55.9575

55.8275

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DAILY USD/INR CHART

ANALYSIS
OPEN: 55.1800 HIGH: 55.5350 LOW: 55.1200 CLOSE: 55.4700

USD/INR LOOKS UPWARDS TREND: BULLISH

STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS
OPEN: 72.3375 HIGH: 72.4000 LOW: 72.3375 CLOSE: 72.3375

EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA

TIME
3:30pm 3:30pm 4:30pm 8:30pm 9:30pm

CURRENCY
EUR EUR EUR USD USD

DATA
Retail Sales m/m Unemployment Rate German Factory Orders m/m IBD/TIPP Economic Optimism Crude Oil Inventories

ACTUAL

FORECAST
0.5% 11.8% -1.4% 46.3 -1.6M

PREVIOUS
-1.2% 11.7% 3.9% 45.1 -1.0M

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