S
DAILY FOREX REPORT 8TH FEBRUARY 2013
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HEADLINES
Rupee gains against dollar in early trade The rupee continued to rule firm in the late morning session by improving five paise to 53.11 per dollar on selling of dollars by banks in view of persistent foreign capital inflows. The rupee resumed higher at 53.12 per dollar as against the yesterday's closing level of 53.16 per dollar at the Interbank Foreign Exchange Market and firmed up further to 53.07 per dollar before quoting at 53.11 per dollar at 1040 [Link] moved in a range of 53.07 per dollar and 53.17 per dollar during the morning deals. Banks and exporters preferred to reduce their dollar position on the back of persistent foreign capital inflows into equity market. Foreign institutional investors bought shares worth net Rs 1137.95 crore yesterday as per provisional data from the stock exchanges.
TRADING TIPS BUY USD/INR ABOVE 53.50 FOR TGT 53.65/53.80 SL 53.40 PAST PERFORMANCE SELL USD/INR BELOW 53.38 FOR TGT 53.26/53.14 SL 53.56 UN EXECUTED
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REFERENCE RATE
As on 7th february 2013
UNDERLYING
USDINR EURINR GBPINR JPYINR
RATE
53.1445 71.9355 83.2695 56.7500
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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
26-Feb-2013
1 EUR
72.7225
5018 1178
72.7225
5120
72.2900
5018 1178
72.4550
-102 -5.5
72.8775
EURINR
JEERA
27-Mar-2013
1 EUR
72.8500
72.8500
1183.5
72.5600
14800
72.7250
-252.5
73.1375
7/19/2012
14955
14960 1053
14650 1035
15052.5
GBPINR
KAPAS
26-Feb-2013
7/19/2012
1 GBP
1044
83.7425
84.0925
1049
82.5625
1041
84.0125
-8
84.4975
-0.76
GBPINR PEPPER
REF SOYA
27-Mar-2013 42300 GBP 4255584.3000 1 7/19/2012 42250 84.3900 42390
7/19/2012 7/19/2012 780.5 4309 783.6 4330 4676 777.4 782.85 4303
83.6850 42435
781.3 4315
84.3225 45
-1.55 12
84.7825 0.11
-0.2
JPYINR
26-Feb-2013
100 JPY
58.0125
58.0125
57.2500
57.6200
58.0825
SOY BEAN
4265.5
0.28
JPYINR
TURMERIC WHEAT USDINR
27-Mar-2013
7/19/2012 7/19/2012 26-Feb-2013
100 JPY
4600
57.7800
4518
57.9375
4664
57.5075
4540
57.8650
-124
58.3350
-2.66 2.89 53.4400
1251 1USD 1282 53.3325 1251 53.4800 1246
53.0825 1282
53.4375 36
USDINR
27-Mar-2013
1 USD
53.5325
53.7425
53.3525
53.7075
53.7050
USDINR
26-Apr-2013
1 USD
53.8500
54.0200
53.6375
53.9875
53.9850
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DAILY USD/INR CHART
ANALYSIS
OPEN: 53.2800 HIGH: 53.5050 LOW: 53.2300 CLOSE: 53.4200
USD/INR LOOKS UPWARDS TREND: BULLISH
STRATEGY: BULLISH
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DAILY EUR/INR CHART
ANALYSIS
OPEN: 72.0200 HIGH: 72.5600 LOW: 71.8700 CLOSE: 72.4625
EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA
TIME
12:30pm 2:30pm
CURRENCY
EUR EUR
DATA
German Trade Balance Italian Industrial Production m/m EU Economic Summit Trade Balance Crude Oil Inventories
ACTUAL
FORECAST
13.7B 0.2%
PREVIOUS
14.6B -1.0%
Day 2 7:00pm 9:00pm
EUR USD USD
-45.8B -1.6M
-48.7B -1.0M
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