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DAILY FOREX REPORT 2ND JANUARY 2013

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 HEADLINES Rupee gains at open in 2013; U.S. 'fiscal cliff' deal aids The rupee rose in opening trade on Tuesday, boosted by a deal to avert the U.S. "fiscal cliff", but gains were capped by a surge in the country's current account deficit. At 9:06 a.m. (0336 GMT), the partially convertible rupee was at 54.82/83 per dollar versus its

previous close of

54.99/55.00.The

and

White

House

congressional

lawmakers have reached a deal to avoid the "fiscal cliff" that would delay harsh spending cuts by two months, Obama administration officials said on Monday. India's current account deficit widened to a record high of 5.4 percent of GDP in the September quarter as export growth

 TRADING TIPS

slowed more sharply than imports, with a similar gap

 SELL USD/INR BELOW 55.00 FOR TGT 54.85/54.70 SL 55.15  PAST PERFORMANCE  BUY USD/INR ABOVE 55.20 FOR TGT 55.35/55.50 SL 55.05 UNEXECUTED

weakness in the rupee.

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expected in the December quarter likely to prolong

Rupee stabilises further against dollar, up 24 paise The Indian rupee stabilized further against the American currency in the late morning trade by surging 24 paise to 54.75 per dollar on persistent selling of dollar by banks

REFERENCE RATE As on 1ST January 2013 UNDERLYING

RATE

USDINR

54.8320

EURINR

72.4803

GBPINR

89.2254

JPYINR

63.2100

+919752199966


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

72.6500

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

73.0275

14650

89.1975 1053

High 4560

72.9900

5120

1183.5

73.1500

15052.5

89.3600

LTP

Low 4532

72.6025 5018 1178

72.8175 14800

88.9600

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

26-Feb-2013 42300 1 GBP 4255589.2675 7/19/2012 42250 89.6000 42390

89.2250 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

63.5300

4265.5

63.9675 4518

4303

64.1300

781.3

63.5300 4315

63.8700

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 29-Jan-2013

12511USD 1282 55.0525 1251 55.1650 1246

USDINR

26-Feb-2013

1 USD

55.2150

USDINR

27-Mar-2013

1 USD

55.4600

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4676

782.85

63.9325

CHG

Close -28

72.7175

PERCENTAGE CHANGE

Prev. Close -0.61

72.7125

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.9375

89.2825 -8

72.9750

89.0950 -0.76

89.5325 45

89.3650 0.11

-1.55

-0.2

12

0.28

63.6700

63.8825

64.0525

64.2550

-124

-2.66

54.9150 1282

55.0225 36

2.89 55.1500

55.4050

55.1625

55.2725

55.4025

56.0675

55.4075

55.5250

55.6525

+919752199966


DAILY USD/INR CHART

ANALYSIS OPEN: 54.9475 HIGH: 55.1650 LOW: 54.9150 CLOSE: 55.0225

 USD/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.7500 HIGH: 72.9900 LOW: 72.6025 CLOSE: 72.7175

 EUR/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED  STRATEGY: SELL ON RISE

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

1:45pm

EUR

2:15pm

EUR

Spanish Manufacturing PMI Italian Manufacturing PMI

7:30pm

USD

8:30pm 9:30pm

ACTUAL

FORECAST

PREVIOUS

44.9

45.3

45.4

45.1

Final Manufacturing PMI

53.2

54.2

USD

ISM Manufacturing PMI

50.2

49.5

USD

Crude Oil Inventories

-1.6M

-1.0M

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DAILY-FOREX-REPORT BY EPIC RESEARCH 2 JAN 2013