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DAILY FOREX REPORT 1ST MARCH 2013

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 HEADLINES Rupee trims initial gains vs dollar, still up by 15 paise Moving in line with equity market, the Indian rupee trimmed its initial gains but was still quoted up by 15 paise to 53.71 against the American currency in the late morning trade due to selling of dollars by banks and exporters amidst sustained foreign capital inflows. Weakness of dollar in the overseas market and persistent foreign capital inflows mainly boosted the rupee value, a forex dealer said. The rupee resumed higher at Rs 53.64 per dollar against the last closing level of Rs 53.86 per dollar

 TRADING TIPS  BUY EUR/INR ABOVE 71.53 FOR TGT 71.68/71.83 SL 54.33 PAST PERFORMANCE  SELL USD/INR BELOW 54.28 FOR TGT 54.13/54.98 SL 54.48 TARGET ACHIEVED www.epicresearch.co

at the Interbank Foreign Exchange (Forex) Market and moved up further to Rs 53.60 per dollar.

REFERENCE RATE As on 28th february 2013 UNDERLYING

RATE

USDINR

54.0415

EURINR

71.4130

GBPINR

81.8026

JPYINR

57.3600

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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

26-Feb-2013

4573

1 EUR

4525

72.6000

High 4560

72.6850

Low 4532

72.3900

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

GBPINR

26-Feb-2013

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

27-Mar-2013 42300 1 GBP 4255584.6700 7/19/2012 42250 84.6700 42390

84.2100 42435

27-Mar-2013

1 EUR

1 GBP 1044

1053

7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR TURMERIC

26-Feb-2013

27-Mar-2013

100 JPY

14650

84.2675

REF SOYA

JPYINR

1178

72.7925

100 JPY

1035

777.4

58.5500

4265.5

58.6000 4518

1183.5

72.9425

15052.5

84.3250

782.85

58.5500

4303

59.6825

5018 1178

72.6650 14800

83.8825

781.3

57.7675 4315

58.0275

CHG

Close -28

72.4875

PERCENTAGE CHANGE

Prev. Close -0.61

72.3575

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.7525

84.0200 -8

72.6575

84.1175 -0.76

84.3450 45

84.4225 0.11

-1.55

-0.2

12

0.28

57.8550

58.1050 -124

58.6525

58.8975

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 26-Feb-2013

12511USD 1282 54.4800 1251 54.4875 1246

54.3000 1282

54.3375 36

2.89 54.3075

USDINR

27-Mar-2013

1 USD

54.7000

54.7500

54.5650

54.6000

54.5775

USDINR

26-Apr-2013

1 USD

55.0000

55.0475

54.8575

54.8800

54.8625

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4676

5120

LTP

CHILLI

EURINR

5018

CLOSE

-2.66

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DAILY USD/INR CHART

ANALYSIS OPEN: 54.3175 HIGH: 54.3175 LOW: 53.8675 CLOSE: 53.8925

 USD/INR LOOKS DOWNWARDRS  TREND: BEARISH

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 71.5375 HIGH: 71.6825 LOW: 71.5375 CLOSE: 71.5375

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

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

ACTUAL

FORECAST

PREVIOUS

5:00am

JPY

Household Spending y/y

0.4%

-0.7%

6:30am

CNY

Manufacturing PMI

50.5

50.4

3:00pm

GBP

Manufacturing PMI

51.0

50.8

7:00pm

CAD

GDP m/m

-0.2%

0.3%

8:30pm

USD

ISM Manufacturing PMI

52.7

53.1

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DAILY-FOREX-REPORT BY EPIC RESEARCH 1 MARCH 2013