DAILY FOREX REPORT 19TH DECEMBER 2012

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HEADLINES

Rupee trims initial gains vs dollar, still up by 9

paise

The rupee trimmed its initial gains against the

American currency but was still quoted up by 9 paise to

54.76 per dollar in the late morning trade on mild

selling of dollars by banks and exporters ahead of the

Reserve Bank's mid-quarter monetary policy review

meeting. The rupee resumed higher at 54.70 per dollar

as against the last closing level of 54.85 per dollar at the

Interbank Foreign Exchange ( Forex) Market on selling

of dollars by banks in view of persistent foreign capital

inflows into equity market. However, it trimmed its

initial gains and was quoted at 54.76 per dollar at 1040

hrs on renewed dollar demand from banks on the back

of higher dollar in overseas market. It moved in a range

of 54.70 per dollar and 54.81 per dollar during the

morning trade

REFERENCE RATE

As on 18TH December 2012

UNDERLYING RATE

USDINR 54.8490

EURINR 72.2440

GBPINR 88.9267

JPYINR 65.3100

TRADING TIPS

BUY USD/INR

ABOVE 54.05

FOR TGT 54.20/54.35 SL 53.90

PAST

PERFORMANCE

BUY USD/INR

ABOVE 54.95

FOR TGT 55.10 SL 54.80 TARGET ACHIEVED

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 72.1850 72.5850 72.1500 72.4525 72.2575

EURINR 29-Jan-2013 1 EUR 72.3475 72.8275 72.3475 72.7225 72.5150

GBPINR 27-Dec-2012 1 GBP 88.9025 89.3800 88.7175 89.1275 88.9800

GBPINR 29-Jan-2013 1 GBP 89.0900 89.6950 89.0850 89.4475 89.2900

JPYINR 27-Dec-2012 100 JPY 65.2875 65.7375 65.2400 65.5950 65.6675

JPYINR 29-Jan-2013 100 JPY 65.6000 66.0000 65.5500 65.8725 65.9250

USDINR 27-Dec-2012 1USD 54.8500 55.1375 54.7850 55.0100 54.9500

USDINR 29-Jan-2013 1 USD 55.1200 55.3825 55.0400 55.2500 55.1950

USDINR 26-Feb-2013 1 USD 55.3375 55.6300 55.3000 55.4925 55.4475

DAILY USD/INR CHART

ANALYSIS

OPEN: 54.8125

HIGH: 55.1375

LOW: 54.8000

CLOSE: 55.0100

USD/INR LOOKS SIDEWAYS

TREND: CONSOLIDATED

STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS

OPEN: 72.2575

HIGH: 72.5850

LOW: 71.1500

CLOSE: 72.4525

EUR/INR LOOKS UPWARDS

TREND: BULLISH

STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA

TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS

2:30pm EUR German Ifo Business Climate

101.9 101.4

3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9

7:00pm USD Building Permits 0.87M 0.87M

7:00pm USD Housing Starts 0.87M 0.89M

9:00pm USD Crude Oil Inventories -0.9M 0.8M

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