WEEKLY FOREX REPORT 24TH SEPTEMBER 2012

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 HEADLINES
Rupee rises to four-and-a-half-month high The rupee climbed to a four-and-a-half-month high on Friday aided by a sudden gust of reforms from the central government and bullish foreign funds which have invested Rs 8,000 crore in just one week. The Indian currency climbed to 53.45 per dollar, becoming the best performer among Asian currencies in the past one month. It closed on Friday, 1.7% stronger than 54.38 per dollar on Thursday. Forex reserves rise by $2.43 bn to $294.47 bn Country's foreign exchange reserves rose $2.43 billion to $294.47 billion during the week ended September 14, mainly due to revaluation of currencies. According UNDERLYING
USDINR EURINR GBPINR JPYINR

RBI REFERENCE RATE

As on 21st September 2012

RATE
53.9055 70.0095 87.6018 68.9800

to data released by the Reserve Bank of India, foreign currency assets, which includes the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in the reserves rose $2.33 billion to $261.52 billion. Sterling hits near 13-month high versus dollar Sterling rallied to a near 13-month high against a weak dollar on Friday after UK borrowing data was less bad than feared, and talk Spain may soon request aid fuelled demand for perceived riskier currencies.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI
Symbol

DAILY MARKET STATISTICS (As on 21stSeptember 2012)

7/19/2012 7/19/2012 4556 5060 4573 5060 4525 5018 4560 5120 4532 5018 -28
Series/Expiry Unit Open High Low Close

-0.61

-102

Prev. Close -1.99

70.3450

EUR-INR GUR EUR-INR JEERA GBP-INR KAPAS GBP-INR PEPPER GBP-INR REF SOYA JPY-INR SOY BEAN JPY-INR TURMERIC USD-INR WHEAT

26-Sep-2012 7/19/2012

1 1188 EUR 1188 70.2100 1178 70.2950 1183.569.3200 1178 69.4175 -5.5
69.5125 1 14955EUR 1496070.5575 14650 70.5575 15052.5 14800 69.5925 -252.5

-0.46 -1.68

29-Oct-2012 7/19/2012

70.6100

26-Sep-2012 7/19/2012

1 1044 GBP 1053 87.8800 1035 87.9050 1049 86.8000 1041 86.9400 -8 1 42300GBP 4255588.1225 42250 88.1300 42390 87.0900 42435 87.1475 45 1 780.5 GBP 783.6 88.4500 777.4 88.4500 782.8587.4000 781.3 87.4000 -1.55 100 4309 JPY 4330 69.1425 4265.5 69.2450 4303 68.1500 4315 68.3325 12 100 4600 JPY 4676 69.4975 4518 69.4975 4664 68.3025 4540 68.4975 -124 1 1251 USD 1282 54.2000 1251 54.2000 1246 53.3150 1282 53.4500 36

87.9475 -0.76

29-Oct-2012 7/19/2012

88.2000 0.11

27-Nov-2012 7/19/2012

89.1475 -0.2

26-Sep-2012 7/19/2012

69.4325 0.28

29-Oct-2012 7/19/2012

69.6850 -2.66

26-Sep-2012 7/19/2012

54.3375 2.89

USD-INR

29-Oct-2012

1 USD

54.4225

54.4350

53.5000

53.6275

54.5700

USD-INR

27-Nov-2012

1 USD

54.6075

54.6350

53.7500

53.8475

54.7900

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 WEEKLY USD/INR CHART

ANALYSIS
OPEN: 54.0500 HIGH: 54.4400 LOW: 53.3200 CLOSE: 53.4500

USD/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE

 WEEKLY EUR/INR CHART

ANALYSIS
OPEN: 70.8500 HIGH: 71.1000 LOW: 69.3200 CLOSE: 69.4200

EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE

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FOREX FORTHCOMING EVENTS

DAY TUESDAY TUESDAY WEDNESDAY THURSDAY THURSDAY TIME 6.30 PM 7.30 PM 7.30PM 6.00 PM 7.30 PM CURRENCY DETAILS EUR USD USD USD USD ECB President Draghi Speaks CB Consumer Confidence New Home Sales Unemployment Claims Pending Home Sales m/m 62.9 381K 378K -0.7% 60.6 372K 382K 2.4% ACTUAL FORECAST PREVIOUS

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