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DAILY FOREX REPORT 29TH APRIL 2013

WWW.EPICRESEARCH.CO

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 HEADLINES

Forex reserves fall by $ 485 mn to $ 294.76 billion The country's foreign exchange reserves were down by $ 485.9 million to $ 294.76 billion for the week ending April 19, in the wake of fall in core currency assets.

Rupee ends lower on month-end dollar demand; US GDP awaited

 TRADING TIPS  BUY USD/INR ABOVE 54.40for

The rupee ended down, falling 0.8 percent for the week, dragged by month-end dollar demand from importers and weak equities.

Week ahead: Debt, forex markets to be cautious ahead of RBI policy A Reuter’s poll shows 37 of 42 economists expect the central bank to cut the repo rate by 25 basis points on May

TGTS of 54.52/54.65 54.39/54.51 RBI REFERENCE RATE As on 26th APRIL 2013

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UNDERLYING

RATE

USDINR

54.2935

EURINR

70.6750

GBPINR

83.8835

JPYINR

55.0500

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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

+919752199966


 DAILY USD/INR CHART

ANALYSIS OPEN: 54.50 HIGH: 54.63 LOW: 53.34 CLOSE: 54.5775

 USD/INR LOOKS UPWARDS  TREND: BULLISH

 STRATEGY: BUY ON DIPS


 DAILY EUR/INR CHART

ANALYSIS OPEN: 70.8375 HIGH: 71.0825 LOW: 70.8200 CLOSE: 70.9350  EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

JPYINR

Interest Rate Decision

10:00am

ACTUAL

FORECAST

PREVIOUS

0.10

0.10

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DAILY-FOREX-REPORT BY EPIC RESEARCH 29 APRIL 2013