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DAILY FOREX REPORT 8TH JANUARY 2013

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 HEADLINES Rupee falls to 1 month low on euro, share losses The rupee fell to an over 1-month low in late trade on Monday as local stocks slipped and the euro weakened as last week's Federal Reserve minutes continued to cast doubt over future US monetary stimulus. The BSE stock index gave up early gains to end down 0.47 per cent. The rupee was at 55.26/27 per dollar as of 1010 GMT, it’s weakest since Nov 29, and down from its previous closes of 55.07/08. Rupee slips 13 paise against dollar; fails to maintain upward momentum

 TRADING TIPS  BUY USD/INR ABOVE 55.47 FOR TGT 55.62/55.77 SL 55.32  PAST PERFORMANCE  BUY EUR/INR ABOVE 71.97 FOR TGT 72.12/72.27 SL 71.82 TARGET ACHIEVED

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Failing to maintain its initial upward momentum, the rupee today slid by 13 paise to 55.03 against the dollar in late morning trade due to bouts of demand for the US currency from banks and oil importers amid firm cues overseas.The rupee had gained 17 paise in the early morning trade and was trading at 54.90.The local currency resumed higher at 55 per dollar as against the previous closing level of 55.82 at the Interbank Foreign Exchange (Forex) Market. It traded in a range of 54.90 and 55.04 before quoting 55.03 at 1110 hrs.

REFERENCE RATE As on 7THJanuary 2013 UNDERLYING

RATE

USDINR

54.9780

EURINR

71.6690

GBPINR

88.1077

JPYINR

62.6700

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DAILY MARKET STATISTICS PRODUCT NAME

EXP DATE

Symbol

Series/Expiry

CHANA

7/19/2012

EURINR

OPEN

HIGH

LOW

Unit

Open

4556

29-Jan-2013

4573

1 EUR

4525

72.0200

CHILLI

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

EURINR

GBPINR

26-Feb-2013

1 EUR

29-Jan-2013

1 GBP 1044

5018 1178

72.3175

14650

88.5750 1053

High 4560

72.4000

5120

1183.5

72.6200

15052.5

89.1300

LTP

Low 4532

71.8675 5018 1178

72.0875 14800

88.3250

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

26-Feb-2013 42300 1 GBP 4255588.8500 7/19/2012 42250 89.4000 42390

88.6000 42435

REF SOYA

7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR

JPYINR TURMERIC

29-Jan-2013

26-Feb-2013

100 JPY

100 JPY

1035

CLOSE

777.4

62.5925

4265.5

62.8750 4518

4303

63.4750

781.3

62.5425 4315

62.7450

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 29-Jan-2013

12511USD 1282 55.2325 1251 55.5350 1246

USDINR

26-Feb-2013

1 USD

55.4200

USDINR

27-Mar-2013

1 USD

55.6925

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4676

782.85

63.2700

CHG

Close -28

72.3375

PERCENTAGE CHANGE

Prev. Close -0.61

71.9600

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.5650

89.0200 -8

72.1825

88.5950 -0.76

89.3000 45

88.8575 0.11

-1.55

-0.2

12

0.28

63.1600

63.3525

62.7100

62.9050

-124

-2.66

55.1125 1282

55.4700 36

2.89 55.3325

55.7700

55.3675

55.7175

55.5800

56.0100

55.6200

55.9575

55.8275

+919752199966


DAILY USD/INR CHART

ANALYSIS OPEN: 55.1800 HIGH: 55.5350 LOW: 55.1200 CLOSE: 55.4700

 USD/INR LOOKS UPWARDS  TREND: BULLISH

 STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.3375 HIGH: 72.4000 LOW: 72.3375 CLOSE: 72.3375

 EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

3:30pm

EUR

3:30pm

ACTUAL

FORECAST

PREVIOUS

Retail Sales m/m

0.5%

-1.2%

EUR

Unemployment Rate

11.8%

11.7%

4:30pm

EUR

German Factory Orders m/m

-1.4%

3.9%

8:30pm

USD

IBD/TIPP Economic Optimism

46.3

45.1

9:30pm

USD

Crude Oil Inventories

-1.6M

-1.0M

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DAILY-FOREX-REPORT BY EPIC RESEARCH 8 JAN 2013