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HEADLINES
Indian Rupee slightly lower on short-covering,
oil demand
Indian Rupee continues to trade stronger on the day at
54.42/43 versus its previous close of 54.35/36 as some
investors cover short dollar positions after the recent fall
in the pair. Dollar buying from oil refiners is also aiding
the pair. Mild loss in domestic shares and broad optimism
on expectations of a rate cut later this month are keeping
sentiment for the dollar subdued, limiting a very sharp
rise. Domestic shares are trading up 0.2 per cent.
Rupee falls by 10 paise against dollar in early
trade
The rupee depreciated by 10 paise to 54.45 against the US
dollar in early trade today on the Interbank Foreign
Exchange due to appreciation of the American currency
against the euro and other currencies in overseas markets.
Dealers attributed the rupee's fall to dollar gains against
the euro overseas and sustained demand for the American
currency from importers.
REFERENCE RATE
As on 3RD January 2013
UNDERLYING RATE
USDINR 54.4153
EURINR 71.4945
GBPINR 88.2888
JPYINR 62.3600
TRADING TIPS
SELL USD/INR
BELOW 54.70
FOR TGT 54.55/54.40 SL 54.85
PAST
PERFORMANCE
SELL EUR/INR
BELOW 72.20
FOR TGT 72.05/71.90 SL 72.35 UNEXECUTED
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 72.1000 72.1000 71.4500 71.7075 72.2125
EURINR 26-Feb-2013 1 EUR 71.9000 72.9100 71.9000 71.9600 72.4425
GBPINR 29-Jan-2013 1 GBP 88.6300 88.7000 88.3900 88.4875 88.8275
GBPINR 26-Feb-2013 1 GBP 88.7825 88.9600 88.7100 88.7475 89.0600
JPYINR 29-Jan-2013 100 JPY 62.6700 63.0700 62.5500 62.9725 62.6775
JPYINR 26-Feb-2013 100 JPY 62.8000 63.2650 62.7625 63.1525 62.8675
USDINR 29-Jan-2013 1USD 54.5300 54.7900 54.5225 54.7300 54.5675
USDINR 26-Feb-2013 1 USD 54.7600 55.0350 54.7600 54.9675 54.8075
USDINR 27-Mar-2013 1 USD 55.1100 55.2800 55.0575 55.2175 55.0750
DAILY USD/INR CHART
ANALYSIS
OPEN: 54.5600
HIGH: 54.7900
LOW: 54.5225
CLOSE: 54.7300
USD/INR LOOKS DOWNWARDS
TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS
OPEN: 71.6775
HIGH: 71.9250
LOW: 71.4500
CLOSE: 71.7075
EUR/INR LOOKS DOWNWARDS
TREND: BEARISH
STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
12:30am USD FOMC Meeting Minutes
7:00pm USD Non-Farm Employment
Change
135K 146K
7:00pm USD Unemployment Rate 7.7% 7.7%
8:30pm USD ISM Non-Manufacturing
PMI
54.3 54.7
9:30pm USD Crude Oil Inventories -1.6M -1.0M
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