DAILY FOREX REPORT 2ND JANUARY 2013

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 HEADLINES
Rupee gains at open in 2013; U.S. 'fiscal cliff' deal aids The rupee rose in opening trade on Tuesday, boosted by a deal to avert the U.S. "fiscal cliff", but gains were capped by a surge in the country's current account deficit. At 9:06 a.m. (0336 GMT), the partially convertible rupee was at 54.82/83 per dollar versus its 54.99/55.00.The White House previous close of and congressional

lawmakers have reached a deal to avoid the "fiscal cliff" that would delay harsh spending cuts by two months, Obama administration officials said on Monday. India's current account deficit widened to a record high of 5.4 percent of GDP in the September quarter as export growth slowed more sharply than imports, with a similar gap expected in the December quarter likely to prolong weakness in the rupee. Rupee stabilises further against dollar, up 24 paise The Indian rupee stabilized further against the American currency in the late morning trade by surging 24 paise to 54.75 per dollar on persistent selling of dollar by banks

TRADING TIPS SELL USD/INR BELOW 55.00 FOR TGT 54.85/54.70 SL 55.15 PAST PERFORMANCE BUY USD/INR ABOVE 55.20 FOR TGT 55.35/55.50 SL 55.05 UNEXECUTED

REFERENCE RATE
As on 1ST January 2013
UNDERLYING
USDINR EURINR GBPINR JPYINR

RATE
54.8320 72.4803 89.2254 63.2100

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DAILY MARKET STATISTICS

PRODUCT NAME EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

Symbol
CHANA

Series/Expiry
7/19/2012 7/19/2012 7/19/2012

Unit
4556 5060 1188 4573 5060 1188

Open
4525

High
4560

Low
4532

Close
-28

Prev. Close
-0.61 -1.99 -0.46 -1.68

EURINR
CHILLI GUR

29-Jan-2013

1 EUR

72.6500

5018 1178

72.9900

5120

72.6025
5018 1178

72.7175
-102 -5.5

72.7125

EURINR
JEERA

26-Feb-2013

1 EUR

73.0275

73.1500

1183.5

72.8175
14800

72.9375
-252.5

72.9750

7/19/2012

14955

14960 1053

14650 1035

15052.5

GBPINR
KAPAS

29-Jan-2013
7/19/2012

1 GBP
1044

89.1975

89.3600
1049

88.9600
1041

89.2825
-8

89.0950
-0.76

GBPINR PEPPER
REF SOYA

26-Feb-2013 42300 GBP 4255589.2675 1 7/19/2012 42250 89.6000 42390

7/19/2012 7/19/2012 780.5 4309 783.6 4330 4676 777.4 782.85 4303

89.2250 42435
781.3 4315

89.5325 45
-1.55 12

89.3650 0.11
-0.2

JPYINR

29-Jan-2013

100 JPY

63.5300

63.9325

63.5300

63.6700

64.0525

SOY BEAN

4265.5

0.28

JPYINR
TURMERIC WHEAT USDINR

26-Feb-2013
7/19/2012 7/19/2012 29-Jan-2013

100 JPY
4600

63.9675
4518

64.1300
4664

63.8700
4540

63.8825
-124

64.2550
-2.66 2.89 55.1500

1251 1USD 1282 55.0525 1251 55.1650 1246

54.9150 1282

55.0225 36

USDINR

26-Feb-2013

1 USD

55.2150

55.4050

55.1625

55.2725

55.4025

USDINR

27-Mar-2013

1 USD

55.4600

56.0675

55.4075

55.5250

55.6525

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DAILY USD/INR CHART

ANALYSIS
OPEN: 54.9475 HIGH: 55.1650 LOW: 54.9150 CLOSE: 55.0225

USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED

STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS
OPEN: 72.7500 HIGH: 72.9900 LOW: 72.6025 CLOSE: 72.7175

EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: SELL ON RISE

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FOREX FORTHCOMING DATA

TIME
1:45pm 2:15pm 7:30pm 8:30pm 9:30pm

CURRENCY
EUR EUR USD USD USD

DATA
Spanish Manufacturing PMI Italian Manufacturing PMI Final Manufacturing PMI ISM Manufacturing PMI Crude Oil Inventories

ACTUAL

FORECAST
44.9 45.4 53.2 50.2 -1.6M

PREVIOUS
45.3 45.1 54.2 49.5 -1.0M

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