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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