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Currency Daily for 17th Oct 2011

Currency Daily for 17th Oct 2011

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Published by: Sourabh Sehgal on Oct 18, 2011
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Currency Daily Report 17th October 2011

NSE 14-10-11 USDINR - Oct 11 EURINR - Oct 11 GBPINR - Oct 11 JPYINR - Oct 11 Open 49.30 67.73 77.49 64.10 High 49.34 67.88 77.64 64.12 Low 49.09 67.59 77.37 63.75 Close 49.13 67.66 77.46 63.81 Volume 1446254 34176 7257 6655

Alpari Financial Services (India) Pvt. Ltd. 76 C, 3 North Avenue Maker Maxity, Bandra Kurla Complex Bandra East, Mumbai 400 051 +91-22-6156 3000 Tel +91-22-6156 3001 Fax info@alpari.co.in www.alpari.co.in



Global Indices*
Equities BSE SENSEX NSE NIFTY DOW NASDAQ FTSE NIKKEI * Close/Last 17082 5132 11644 2667 5466 8881 Change +198 +54 +166 +47 +62 +133

 The Indian rupee strengthened on Friday, supported by strong domestic equities and a rise in the euro that was triggered by views that European policymakers were inching closer to a plan to tackle the region's debt crisis.  India's main share index ended up nearly 1.2 percent to its highest close in nearly four week. Foreign funds have net sold $239 million of local shares so far in 2011 but have bought $4.25 billion in debt securities in the same period.  The index of the dollar against six major currencies was at 76.992 points from its previous close of 77.204. while the euro was at $1.3784 at end of rupee trade from $1.3737 previously.

Forex Crosses *
Crosses USDINR EURUSD GBPUSD USDJPY AUDUSD USDCHF Spot 49.01 1.3853 1.5807 77.21 1.0313 0.8939


 Government data showed inflation in September stayed above 9 percent for the tenth straight month, girding the market for another interest rate rise even as policymakers around the world mull easing rates to stimulate a weak global economy.  Group of 20 finance chiefs and central bank heads meet in Paris on Friday and Saturday where French and German officials are trying to find a resolution plan for the region's debt crisis in time for a European Union summit on Oct. 23. Underlining the challenge for European policymakers, Standard and Poor's cut Spain's long-term credit rating, citing the country's high unemployment, tightening credit and high private sector debt.

Commodities *
Commodities WTI Crude Gold Silver Last Trade $ 87.34 $ 1681 $ 32.23

* Quotes mentioned are as on 8.30 IST. USD/INR Daily

and seek independent advice if necessary. USDINR Daily .22 63.20 67. a transaction in any financial instrument.29 1st Resistance 49.48 63.61 64.85 Target 1 48.66 77.26 R3 49.49 63.00 Economic Data Releases alpari.73 77.76 64.28 67.34 63.03 R2 49.72 Target 2 48.62 64.Currency Daily Report 17th October 2011 Pivot Table USD/INR Oct 11 EUR/INR Oct 11 GBP/INR Oct 11 JPY/INR Oct 11 Pivot 49. Ltd.88 64.research Data Releases For Today No Important Data Releases today Expected Previous Disclaimer: Alpari Financial Services (India) Pvt. Alpari (India) accepts no responsibility for any use that may be made of these comments and for any consequences that result. All information in this publication has been compiled from publically available sources that are believed to be reliable. It is possible to lose more than your initial stake.70 77.80 77.44 77.34 63.03 67.93 67.82 77. Please remember that trading financial Markets carries a high degree of risk to your capital. an offer of or solicitation for.53 67.60 Stop Loss 49.58 77.52 S3 48.18 67.22 63.40 Strategy USD/INR Oct 11 EUR/INR Oct 11 GBP/INR Oct 11 JPY/INR Oct 11 Buy/Sell Sell Buy Sell Sell Entry 49. however we cannot guarantee the accuracy of all information. This communication must not be reproduced or further distributed.43 67. therefore please ensure you fully understand the risks involved. All information and documentation associated with this report has been produced for the purposes of providing the report only.78 67. or.07 63.51 77. is a 100% fully owned subsidiary of Alpari (UK). Leveraged products may not be suitable for all investors.55 76.92 67.92 77.80 67.66 S2 48.06 67.88 77.89 1st Support 49. The material contained here does not contain (and should not be construed as containing) investment advice or an investment recommendation.

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