WEEKLY FOREX REPORT

10th DECEMBER 2012

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HEADLINES

India's Forex reserves down by $471.3 million

The foreign exchange reserves of the country fell by

$471.3 million to $294.51 billion for the week ending

November 30 due to slide in gold reserves and core

currency assets, the Reserve Bank said today. The

overall reserves had increased by $1.45 billion to

$294.98 billion in the previous reporting week

Rupee falls on euro weakness; fate of future

reforms key

The Indian rupee fell on Friday, snapping three

sessions of gains, dragged by the euro's weakness, but

dealers said that the local currency may gain if the

government can push through more reforms in

parliament next week.The government expectedly won

the vote on foreign investment in retail in the upper

house of parliament on Friday. Bolstered by the win,

the government said it will bring more financial sector

reform bills next week in parliament.

Rupee washes out initial gains against dollar,

down 6 paise

The rupee failed to maintain initial gains against the

dollar in late morning deals today and was quoted

lower by 6 paise to 54.20 on fresh demand of the

American currency from banks and importers amid its

higher value overseas.

RBI REFERENCE RATE

As on 7THDECEMBER 2012

UNDERLYING RATE

USDINR 54.20180

EURINR 70.21750

GBPINR 86.99930

JPYINR 65.77000

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 (As on 7THDecember 2012)

Symbol Series/Expiry Unit Open High Low Close Prev. Close

EUR-INR 27-Dec-2012 1 EUR 70.5725 70.7350 70.3275 70.6475 70.9425

EUR-INR 29-Jan-2013 1 EUR 70.9500 71.0000 70.6175 70.8850 71.1925

GBP-INR 27-Dec-2012 1 GBP 87.4225 87.7200 87.1000 87.6475 87.4500

GBP-INR 29-Jan-2013 1 GBP 87.7150 88.0075 87.3425 87.9350 87.7450

JPY-INR 27-Dec-2012 100 JPY 65.8525 66.4400 65.7425 66.3850 65.8525

JPY-INR 29-Jan-2013 100 JPY 66.5000 66.6800 65.9150 66.6375 66.0875

USD-INR 27-Dec-2012 1 USD 54.3500 54.7650 54.2725 54.7075 54.2925

USD-INR 29-Jan-2013 1 USD 54.6100 55.0075 54.5250 54.9625 54.5525

USD-INR 26-Feb-2013 1 USD 54.8750 55.2400 54.7575 55.1900 54.7750

WEEKLY USD/INR CHART

ANALYSIS

OPEN: 54.7000

HIGH: 55.4500

LOW: 54.2200

CLOSE: 54.7100

USD/INR LOOKS SIDEWAYS

TREND: CONSOLIDATED

STRATEGY: BUY ON RISE

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WEEKLY EUR/INR CHART

ANALYSIS

OPEN: 71.0600

HIGH: 71.9700

LOW: 70.3300

CLOSE: 71.6500

EUR/INR LOOKS SIDEWAYS

TREND: CONSOLIDATED

STRATEGY: BUY ON RISE

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FOREX FORTHCOMING EVENTS

DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS

MONDAY 10:45pm GBP BOE Gov King Speaks

TUESDAY 3:30pm EUR German ZEW Economic Sentiment

-11.4 -15.7

TUESDAY 7:00pm USD Trade Balance -42.4B -41.5B

WEDNESDAY 3:00pm GBP Claimant Count Change 5.1K 10.1K

WEDNESDAY 11:00pm USD FOMC Statement

THURSDAY 12:30am USD FOMC Economic Projections

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

THURSDAY 3:30pm EUR Unemployment Claims 370K 370K

FRIDAY 2:00pm EUR German Flash Manufacturing PMI 46.8

FRIDAY 7:00pm USD Core CPI m/m 0.2% 0.2%

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