S

DAILY FOREX REPORT 19TH FEBRUARY 2013

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 HEADLINES
Indian rupee forward premiums rise; money market tight Rupee forward premiums continue to trade near 14-year lows hit last week; 1-year at 358 points versus 355.25 points Friday close as per Thomson Reuters data.Dealers say the paying interest in market is broadly to continue till the second half of March as the local money market is still tight with plenty of dollar supply in global market. Another private bank dealer says buy on dips before the federal budget. Spot Indian Rupee trading marginally higher, at 54.27/28 versus 54.22/23 last close.

TRADING TIPS BUY USD/INR ABOVE 54.34 FOR TGT 54.49/54.64 SL 54.19 PAST PERFORMANCE BUY USD/INR ABOVE 54.35 FOR TGT 54.50/54.65 SL 54.20 TARGET ACHIEVED
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REFERENCE RATE
As on 18th february 2013
UNDERLYING
USDINR EURINR GBPINR JPYINR

RATE
53.8715 72.3760 83.5870 57.6000

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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

26-Feb-2013

1 EUR

72.1450

5018 1178

72.1900

5120

71.8925
5018 1178

72.1675
-102 -5.5

72.0450

EURINR
JEERA

27-Mar-2013

1 EUR

72.2425

72.4900

1183.5

72.1775
14800

72.4600
-252.5

72.3300

7/19/2012

14955

14960 1053

14650 1035

15052.5

GBPINR
KAPAS

26-Feb-2013
7/19/2012

1 GBP
1044

84.9300

85.1750
1049

84.5000
1041

84.6275
-8

84.6600
-0.76

GBPINR PEPPER
REF SOYA

27-Mar-2013 42300 GBP 4255585.3675 1 7/19/2012 42250 85.4650 42390

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

84.8100 42435
781.3 4315

84.9325 45
-1.55 12

84.9600 0.11
-0.2

JPYINR

26-Feb-2013

100 JPY

58.2500

58.3400

57.7325

57.8275

58.1725

SOY BEAN

4265.5

0.28

JPYINR
TURMERIC WHEAT USDINR

27-Mar-2013
7/19/2012 7/19/2012 26-Feb-2013

100 JPY
4600

57.8000
4518

58.5900
4664

57.8000
4540

58.1000
-124

58.4150
-2.66 2.89 53.7550

1251 1USD 1282 53.8300 1251 53.9875 1246

53.7750 1282

53.9525 36

USDINR

27-Mar-2013

1 USD

54.1000

54.2350

54.0300

54.2075

54.0075

USDINR

26-Apr-2013

1 USD

54.3675

54.5250

54.3100

54.5125

54.2900

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DAILY USD/INR CHART

ANALYSIS
OPEN: 54.4400 HIGH: 54.4875 LOW: 54.3025 CLOSE: 54.3375

USD/INR LOOKS UPWARDS TREND: BULLISH

STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS
OPEN: 72.6500 HIGH: 72.6850 LOW: 72.3900 CLOSE: 72.4875

EUR/INR LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA

TIME
3:30pm 3:30pm

CURRENCY
EUR EUR

DATA
German ZEW Economic Sentiment ZEW Economic Sentiment

ACTUAL

FORECAST
35.3 35.5

PREVIOUS
31.5

31.2

19th-24th 8:30pm 9:00pm

USD USD USD

Mortgage Delinquencies NAHB Housing Market Index Crude Oil Inventories 48 -1.6M

7.40% 47 -1.0M

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