S

DAILY FOREX REPORT 23RD JANUARY 2013

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 HEADLINES
Rupee erases gains on state-run banks' dollar demand Dollar demand from state-run banks erased most of rupee's early gains. The rupee is at 53.64/65, pulling back from the day's low of 53.375 following the government's announcement of raising import duty on gold, a key source of dollar demand after oil in India. The rupee had closed at 53.765/775 on Monday. "Market went excessive short in the morning. So there is some covering up now," says a dealer with a foreign bank. The government has

TRADING TIPS BUY USD/INR BELOW 53.75 FOR TGT 53.90/54.05 SL 53.55 PAST PERFORMANCE SELL USD/INR BELOW 53.87 FOR TGT 53.77/53.67 SL 54.07 UNEXECUTED

raised the import tax on gold by 2 percentage points to 6 per cent to curb purchases and rein in a ballooning fiscal deficit, but industry officials expect only a moderate drop in demand.

REFERENCE RATE
As on 22ND January 2013
UNDERLYING
USDINR EURINR GBPINR JPYINR

RATE
53.5115 71.4275 84.8478 59.9800

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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

71.5400

5018 1178

71.8500

5120

71.2500
5018 1178

71.8075
-102 -5.5

71.7550

EURINR
JEERA

26-Feb-2013

1 EUR

71.7775

72.1250

1183.5

71.5500
14800

72.0650
-252.5

72.0375

7/19/2012

14955

14960 1053

14650 1035

15052.5

GBPINR
KAPAS

29-Jan-2013
7/19/2012

1 GBP
1044

85.1450

85.2975
1049

84.6900
1041

85.2300
-8

85.6175
-0.76

GBPINR PEPPER
REF SOYA

26-Feb-2013 42300 GBP 4255585.4800 1 7/19/2012 42250 85.6250 42390

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

85.0625 42435
781.3 4315

85.5800 45
-1.55 12

85.9325 0.11
-0.2

JPYINR

29-Jan-2013

100 JPY

60.1000

60.8800

59.3900

60.5625

60.3000

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

60.4000
4518

61.1525
4664

59.6900
4540

60.8800
-124

60.5325
-2.66 2.89 53.9225

1251 1USD 1282 53.7450 1251 53.8475 1246

53.4125 1282

53.7550 36

USDINR

26-Feb-2013

1 USD

54.0175

54.0925

53.6700

54.0000

54.1650

USDINR

27-Mar-2013

1 USD

54.2600

54.3800

53.9700

54.2900

54.4475

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DAILY USD/INR CHART

ANALYSIS
OPEN: 53.6600 HIGH: 53.8475 LOW: 53.4125 CLOSE: 53.7550

USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED

STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS
OPEN: 71.5400 HIGH: 71.8500 LOW: 71.2500 CLOSE: 71.8075

EUR/INR LOOKS SIDEWAYS TREND: CONSLODATED STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA

TIME
3:00pm 3:00pm

CURRENCY
GBP GBP

DATA
Claimant Count Change MPC Meeting Minutes

ACTUAL

FORECAST
0.3K 0-0-9

PREVIOUS
-3.0K 0-0-9

7:30pm 8:30pm 9:00pm

USD EUR USD

HPI m/m Consumer Confidence Crude Oil Inventories

0.7% -25 -1.6M

0.5% -27 -1.0M

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