Post on 02-Jul-2015
S
DAILY FOREX REPORT
30TH JANUARY 2013
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HEADLINES
Rupee gains 25 paise against dollar as RBI cuts
rates
The Indian currency today gained 25 paise against the US
dollar after the Reserve Bank of India cut key policy rates
by 25 basis points. Rupee opened at 53.95 and appreciated
to 53.70 levels. About half of the 10 economists polled by
ET on Friday had forecasted a 25-bps cut in repo rate. A
basis point is 0.01 percentage point. The Reserve Bank of
India reduced repo rate or the rate at which RBI lends to
banks by 25 basis points from 8% to 7.75%. The reverse
repo rate, determined with a spread of 100 basis points
below the repo rate, is kept at 6.75%.RBI has reduced cash
reserve ratio by 25 basis points, thereby, releasing around
Rs 18,000 crore of liquidity into the banking system. RBI
has reduced the cash reserve ratio from 4.25% to 4%. This
will be effective from the fortnight beginning February 9,
2013.
REFERENCE RATE
As on 29th January 2013
UNDERLYING RATE
USDINR 53.7015
EURINR 72.2115
GBPINR 84.3543
JPYINR 59.1700
TRADING TIPS
SELL USD/INR
ABOVE 54.00
FOR TGT 53.85/53.3070 SL 54.20 PAST PERFORMANCE
BUY USD/INR
ABOVE 54.00
FOR TGT 54.15/54.30 SL 53.80 UNEXECUTED
PRODUCT NAME
EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
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DAILY MARKET STATISTICS
Symbol Series/Expiry Unit Open High Low Close Prev. Close
EURINR 29-Jan-2013 1 EUR 72.0000 72.8975 72.0000 72.5450 71.5750
EURINR 26-Feb-2013 1 EUR 71.9900 72.8500 71.9900 72.7950 71.8350
GBPINR 29-Jan-2013 1 GBP 84.8000 85.0525 84.6600 84.8200 85.0175
GBPINR 26-Feb-2013 1 GBP 85.1200 85.3875 84.9750 85.1125 85.3175
JPYINR 29-Jan-2013 100 JPY 59.6000 59.6000 58.9925 59.5525 59.9575
JPYINR 26-Feb-2013 100 JPY 59.8000 59.8500 59.4000 59.7925 60.2225
USDINR 29-Jan-2013 1USD 53.8250 53.9625 53.7725 53.9425 53.6950
USDINR 26-Feb-2013 1 USD 53.9300 54.2125 53.9300 54.1925 53.9275
USDINR 27-Mar-2013 1 USD 54.1500 54.4600 54.1475 54.4475 54.2000
DAILY USD/INR CHART
ANALYSIS
OPEN: 54.2000
HIGH: 54.2400
LOW: 53.7750
CLOSE: 54.0375
USD/INR LOOKS SIDEWAYS
TREND: CONSOLIDATED
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS
OPEN: 72.8575
HIGH: 72.8575
LOW: 72.2325
CLOSE: 72.5100
EUR/INR LOOKS SIDEWAYS
TREND: CONSLODATED
STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
6:45pm USD ADP Non-Farm Employment Change
164K 215K
7:00pm USD Advance GDP q/q 1.1% 3.1%
9:00pm USD Crude Oil Inventories 2.9M 2.8M
11:30pm EUR German Buba President
Weidmann Speaks
9:00pm USD Crude Oil Inventories -1.6M -1.0M
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