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DAILY FOREX REPORT 23ND APRIL 2013

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 HEADLINES

 USD/INR forwards may see receiving bias: Dealers One-year annualized forward premium was at 6.57 percent versus 6.59 percent Thursday close. "There is not much activity today. We saw some receiving bias in the June-July segments," said the state-run bank dealer. Forward premiums have recently risen to 8 per cent and 7 per

 TRADING TIPS

cent recently in three-month and 12-month, respectively. Dealers said the current premium levels are still very high, so

 BUY JPY /INR ABOVE 54.30 for

people who have paid have to book profits. Rupee extends losses as gold, crude importers buy dollar

TGTS of

The rupee extended losses on dollar demand from

54.42/54.60

54.1850 in trade versus 53.96/97 last close, 54.12/13 current.

crude, gold importers, said dealers. The Indian currency fell to

A state-run gas utility was also heard buying the Americal

 PAST

currency, dealers said.

PERFORMANCE RBI REFERENCE RATE SELL USD/INR ABOVE 54.00 for TGTS of 53.88/53.76 NOT EXECUTED

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As on 22th APRIL 2013 UNDERLYING

RATE

USDINR

54.1665

EURINR

70.7045

GBPINR

882.4522

JPYINR

54.31

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PRODUCT NAME

EXP DATE

OPEN

CHG

PERCENTAGE CHANGE

CHANA

7/19/2012

4556

-28

-0.61

Symbol CHILLI

Series/Expiry 7/19/2012

5060Unit

5060 Open 5018 High 5120

5018

Close

-102

Prev. -1.99 Close

EUR-INR GUR

26-Apr-2013 7/19/2012

1 EUR 1188

118871.10001178 71.3800 1183.5 70.9050 1178

71.1975

71.0950

EUR-INR JEERA

29-May-2013 7/19/2012

1 EUR 1496071.500014650 71.7800 14955 15052.5 71.3050 14800

71.6175 -252.5

71.5125 -1.68

GBP-INR KAPAS

26-Apr-2013 7/19/2012

1 GBP 1044

82.6925 -8

82.9825 -0.76

GBP-INR PEPPER

29-May-2013 7/19/2012

1 GBP 4255583.352542250 83.5875 42300 42390 82.9450 42435

83.1100 45

83.4250 0.11

JPY-INR REF SOYA

26-Apr-2013 7/19/2012

100 JPY 783.655.2050777.4 55.5975 780.5 782.85 54.7450 781.3

55.4875 -1.55

55.4625 -0.2

JPY-INR SOY BEAN

29-May-2013 7/19/2012

100 JPY 433055.33504265.555.92004303 55.0900 4309 4315

55.7975 12

55.7675 0.28

USD-INR TURMERIC

26-Apr-2013 7/19/2012

1 USD 4600

467654.12254518 54.27254664 53.7825 4540

54.2275 -124

54.2300 -2.66

USD-INR WHEAT

29-May-2013 7/19/2012

1 USD 1251

128254.48251251 54.55501246 54.0750 1282

54.5125 36

54.5500 2.89

USD-INR

26-Jun-2013

1 USD

54.8200

54.8675

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HIGH

LOW

CLOSE

LTP

DAILY MARKET STATISTICS 4573

4525

4560

4532

Low

105382.94001035 83.14251049 82.5050 1041

54.7800

54.8650

54.3900

-5.5

-0.46

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 DAILY USD/INR CHART

ANALYSIS OPEN: 54.1400 HIGH: 54.1900 LOW: 53.9200 CLOSE: 54.0000

 USD/INR LOOKS UPWARDS  TREND: BULLISH

 STRATEGY: BUY ON DIPS


 DAILY EUR/INR CHART

ANALYSIS OPEN: 70.6400 HIGH: 70.7100 LOW: 70.3600 CLOSE: 70.5400  EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

USD

New Home Sales

10:00am

ACTUAL

FORECAST

PREVIOUS

419K

411K

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