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HEADLINES
Rupee appreciates as custodian banks sell
dollars
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
session,
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
mild dollar demand from oil refiners at month-end gets
offset by dollar sales by exporters. The pair has been
wedged in a narrow 54.75 to 54.81 band so far in the
session. Trading is also dull on the last day of 2012 as
most Asian and western European markets are either
closed or will be closing early for the day. Traders to await
resolution of the US fiscal cliff for near-term direction
while domestically the September quarter current account
deficit data due at 1130 GMT will be watched.
REFERENCE RATE
As on 31ST December 2012
UNDERLYING RATE
USDINR 54.7773
EURINR 72.2605
GBPINR 88.5092
JPYINR 63.6600
TRADING TIPS
BUY USD/INR
ABOVE 55.15
FOR TGT 55.30/55.45 SL 55.00
PAST
PERFORMANCE
SELL USD/INR
BELOW 55.10
FOR TGT 54.95 SL 55.25 TARGET ACHIEVED
PRODUCT NAME
EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
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
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
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DAILY MARKET STATISTICS
Symbol Series/Expiry Unit Open High Low Close Prev. Close
EURINR 29-Jan-2013 1 EUR 72.6400 72.7950 72.3750 72.7125 72.5425
EURINR 26-Feb-2013 1 EUR 72.9175 73.0300 72.5975 72.9750 72.7775
GBPINR 29-Jan-2013 1 GBP 88.8700 89.2600 88.5625 89.0950 88.7025
GBPINR 26-Feb-2013 1 GBP 89.1225 89.4975 88.8375 89.3650 89.0025
JPYINR 29-Jan-2013 100 JPY 64.0675 64.1000 63.8000 64.0525 63.8850
JPYINR 26-Feb-2013 100 JPY 64.2325 64.2800 64.0525 64.2550 64.0950
USDINR 29-Jan-2013 1USD 55.0025 55.2025 54.9300 55.1500 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
ANALYSIS
OPEN: 55.1100
HIGH: 55.2025
LOW: 54.9300
CLOSE: 55.1500
USD/INR LOOKS SIDEWAYS
TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS
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DAILY EUR/INR CHART
ANALYSIS
OPEN: 72.7125
HIGH: 72.7900
LOW: 72.7125
CLOSE: 72.7125
EUR/INR LOOKS SIDEWAYS
TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS
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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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