You are on page 1of 8

DAILY FOREX REPORT

RESEARCH VIA
5/28/2013

www.researchvia.com

9977785000

MARKET HEADLINES

Rupee inches up as shares gain; month-end dollar demand hurts


The rupee edged higher to 55.57/58 versus its close of 55.63/64 on Friday, tracking gains in the share market. Shares were trading up 0.9 per cent, pulled up by gains in Reliance Industries which rose 4.5 per cent after the conglomerate and its partners said they made a significant gas discovery in the KG-D6 basin.Most Asian currencies were trading slightly stronger compared with the dollar. The dollar's broad losses versus major currencies also helping the Indian currency. The dollar's index versus six majors was down 0.17 per cent.

Swiss franc up as Nikkei slide hits risk sentiment


The Swiss franc ticked up against the euro and the dollar on Monday as another sharp fall in Japanese equities weighed on appetite for risk. Japan's Nikkei Index slid more than 3 percent, following on from turbulent trading in the previous week when concerns over weak Chinese manufacturing data and worries the U.S. Federal reserve might start reducing its bond-buying programme hit stocks and currency markets. The safe-haven franc was trading up 0.1 percent against the euro at 1.2426 compared to the New York close. Against the dollar, the franc was also up 0.1 percent at 0.9604, with a holiday in the United States and Britain expected to keep trading thin.

Yen stays near 2-1/2 week high against dollar


The yen rose on Monday, hovering near its highest in more than two weeks against the dollar, as another drop in Japanese shares continued to encourage investors to unwind dollar hedge positions. Trading was quiet, however, with UK and U.S. markets closed for a public holiday. The dollar was down 0.4 percent at 100.84 yen, near Friday's trough around 100.66 yen, its lowest since May 10.

DAILY MARKET STATISTICS


CURRENCY
EURINR EURINR EURINR GBPINR GBPINR JPYINR JPYINR USDINR USDINR USDINR

EXPIRY
29-May-2013 26-Jun-2013 29-Jul-2013 29-May-2013 26-Jun-2013 29-May-2013 26-Jun-2013 29-May-2013 26-Jun-2013 29-Jul-2013

OPEN
72.0525 72.3450 72.6600 84.2125 84.6125 55.1225 55.4000 55.7500 55.9100 56.2700

HIGH
72.1225 72.4100 72.6650 84.3700 84.7550 55.2875 55.6000 55.7875 56.0325 56.2800

LOW
71.9100 72.1850 72.5175 84.0425 84.3925 55.0200 55.3100 55.5600 55.7925 56.0600

CLOSE
71.9575 72.2250 72.5575 84.1050 84.4425 55.1175 55.3875 55.6000 55.8350 56.0925

RBI REFERENCE RATE (As on 27TH MAY 2013)


UNDERLYING USDINR EURINR GBPINR JPYINR RATE 55.6198 71.9580 84.1806 55.1000

USDINR DAILY ANALYSIS

PIVOT POINTS
S1-55.5108 S2-55.4217 PP-55.6492 R1-55.7383 R2-55.8767

EURINR DAILY ANALYSIS

PIVOT POINTS S1- 71.9025 S2-71.8475 PP-72.0125 R1-72.0675 R2-72.1775

GBPINR DAILY ANALYSIS

PIVOT POINTS

S1-84.0200 S2-83.9350 PP-84.1900 R1-84.2750 R2-84.4450

54.9950

JPYINR DAILY ANALYSIS

PIVOT POINTS

S1- 54.9983 S2- 54.8792 PP-55.1417 R1- 55.2608 R2- 55.4042

DISCLAIMER
All data and reports at Research Via are only information services for subscribers and are not individualized recommendations to buy or sell securities, nor offers to buy or sell securities. Under any circumstances the subscription amount paid to Research Via are not refundable. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. This Website is for information purposes only. The information contained on this should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for the units of the schemes of Research Via. Research Via is neither responsible nor liable for third party content provided or content from any other aspect of any other Website, which may be accessed from this Website. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the site. Although Research Via attempts to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform Research Via so that it can be corrected. Research Via and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research Via is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails. Research Via is not responsible for the content of any of the linked sites. By providing access to other web-sites, Research Via is neither recommending nor endorsing the content available in the linked websites.