HEADLINES Dollar takes a breather, yen steady after BOJ chief approved The dollar took a break from its recent sprint on Friday as sterling enjoyed a short squeeze and the yen was propped up by profit-taking in the US currency after Japan's parliament approved new leadership at the Bank of Japan, as expected. The dollar index pulled back slightly to 82.501, further retreating from a seven-month peak of 83.166 hit the previous day, though it is up 4 per cent from its February 1 trough of 78.918. Japan's parliament approved Prime Minister Shinzo Abe's nominee for central
TRADING TIPS SELL USD/INR BELOW 54.19 FOR TGT 54.04/53.89 SL 54.39 PAST PERFORMANCE SELL EUR/INR BELOW 70.87 FOR TGT 70.72/70.57 SL 71.07 UNEXECUTED www.epicresearch.co
bank governor, Haruhiko Kuroda, and nominees for the two deputy governor posts, clearing the way for the radical monetary easing Abe has long pressed for.
REFERENCE RATE As on 15th March 2013 UNDERLYING
RATE
USDINR
54.1605
EURINR
70.5023
GBPINR
81.7444
JPYINR
56.3600
+919752199966