DAILY FOREX REPORT 24ND APRIL 2013

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HEADLINES

Yuan closes near record high; link to Asian currencies in focus

Traders say client demand for the Chinese currency has remained strong over the last two weeks, even as the exchange rate has appreciated.

Mini Indian Rupee futures launched in Dubai

The first of its kind to be introduced in the region and outside of India, the mini contract is one-tenth the size of the existing DGCX Indian Rupee futures contract.

Rupee keeping losses; down 23 paisa against dollar

The rupee was lower for a second successive session, trading at 54.37/38, versus the previous close of 54.14/15.

RBI REFERENCE RATE

As on 23th APRIL 2013

UNDERLYING RATE

USDINR 54.2995

EURINR 70.8017

GBPINR 82.8773

JPYINR 54.99

TRADING TIPS

BUY USD /INR

ABOVE 54.32 for

TGTS of

54.42/54.60

PAST

PERFORMANCE

BUY JPY /INR

ABOVE 54.30 for

TGTS of

54.42/54.60

FULL TGT ACHIVE

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

EUR-INR 26-Apr-2013 1 EUR 71.1000 71.3800 70.9050 71.1975 71.0950

EUR-INR 29-May-2013 1 EUR 71.5000 71.7800 71.3050 71.6175 71.5125

GBP-INR 26-Apr-2013 1 GBP 82.9400 83.1425 82.5050 82.6925 82.9825

GBP-INR 29-May-2013 1 GBP 83.3525 83.5875 82.9450 83.1100 83.4250

JPY-INR 26-Apr-2013 100 JPY 55.2050 55.5975 54.7450 55.4875 55.4625

JPY-INR 29-May-2013 100 JPY 55.3350 55.9200 55.0900 55.7975 55.7675

USD-INR 26-Apr-2013 1 USD 54.1225 54.2725 53.7825 54.2275 54.2300

USD-INR 29-May-2013 1 USD 54.4825 54.5550 54.0750 54.5125 54.5500

USD-INR 26-Jun-2013 1 USD 54.7800 54.8650 54.3900 54.8200 54.8675

DAILY USD/INR CHART

ANALYSIS

OPEN: 54.1400

HIGH: 54.1900

LOW: 53.9200

CLOSE: 54.0000

USD/INR LOOKS UPWARDS

TREND: BULLISH

STRATEGY: BUY ON DIPS

54.2995

DAILY EUR/INR CHART

ANALYSIS

OPEN: 70.6400

HIGH: 70.7100

LOW: 70.3600

CLOSE: 70.5400

EUR/INR LOOKS UPWARDS

TREND: BULLISH

STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA

TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS

10:00am USD Existing Home Sales 4.98M

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