DAILY FOREX REPORT 13TH DECEMBER 2012

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HEADLINES

US Dollar/Indian Rupee lower as custodial

banks sell; FOMC next

USD/INR trading near day's lows as custodial banks sell

on likely share sale related inflows, dealers say. The pair

at 54.19/20, off 54.30 high hit earlier in session,

54.26/27 last close. A state-run bank dealer says oilers

were present earlier in the session, but few now. INR

saw some bounce after higher-than-expected factory

data. The pair has been testing crucial support at 55.20

levels, if breached convincingly may see down move to

54.05.

Rupee gains after strong industrial output

data

USD/INR falls to 54.18/19 after data shows industrial

output jumped 8.2 per cent in October, well above

Reuters forecast for a 4.5 per cent rise. The pair was

trading at around 54.24/25 before the data. Other

markets show more muted reaction, given output data

is known for its volatility. Investors also waiting to see

the monthly inflation data due on Friday

RBI REFERENCE RATE

As on 12TH December 2012

UNDERLYING RATE

USDINR 54.2725

EURINR 70.5470

GBPINR 87.4276

JPYINR 65.6600

TRADING TIPS

BUY EUR/INR

ABOVE 70.97

FOR TGT 71.12/71.27 SL 70.77

PAST

PERFORMANCE

BUY USD/INR

ABOVE 54.50

FOR TGT 54.65/54.80 SL 54.30 SL TRIGGERED

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 27-Dec-2012 1 EUR 70.7700 70.9725 70.6225 70.9400 70.5950

EURINR 29-Jan-2013 1 EUR 71.0675 71.2200 70.9225 71.1550 70.8450

GBPINR 27-Dec-2012 1 GBP 87.7425 87.9425 87.5300 87.8700 87.5550

GBPINR 29-Jan-2013 1 GBP 87.9425 88.2350 87.8450 88.1575 87.8525

JPYINR 27-Dec-2012 100 JPY 65.9000 65.9950 65.5300 65.7075 65.9975

JPYINR 29-Jan-2013 100 JPY 66.2350 66.2350 65.8050 65.9725 66.2575

USDINR 27-Dec-2012 1USD 54.4200 54.5200 54.3150 54.4575 54.4775

USDINR 29-Jan-2013 1 USD 54.6600 54.7775 54.5700 54.7100 54.7300

USDINR 26-Feb-2013 1 USD 54.9200 55.0025 54.8075 54.9525 54.9675

DAILY USD/INR CHART

ANALYSIS

OPEN: 54.4475

HIGH: 54.5175

LOW: 54.3150

CLOSE: 54.4575

USD/INR LOOKS SIDEWAYS

TREND: CONSOLIDATED

STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS

OPEN: 70.7700

HIGH: 70.9725

LOW: 70.6225

CLOSE: 70.9400

EUR/INR LOOKS SIDEWAYS

TREND: CONSOLIDATED

STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA

TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS

12:30am USD FOMC Economic Projections

12:45am USD FOMC Press Conference

7:00pm USD PPI m/m -0.4% -0.2%

7:00pm USD Retail Sales m/m 0.4% -0.3%

7:00pm USD Unemployment Claims 370K 370K

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