DAILY FOREX REPORT 21ST DECEMBER 2012

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HEADLINES

Rupee extends losses on oil demand; weak shares

The rupee extended losses to 54.84/85 versus its previous

close of 54.55/56 on the back of dollar demand from oil

firms and also helped by weak domestic shares. A broad

risk-off mood globally also aided the dollar, traders said.

Asian shares retreated from near 17-month highs and

commodities fall as negotiations to avert a US fiscal

crunch turns to personal taunts, putting at risk a timely

solution as well as the health of the world's largest

economy.

Rupee down 12 paise against dollar in early

trade

The rupee today fell by 12 paise to trade at 54.67 against

the dollar in early trade at the Interbank Foreign

Exchange, due to increased demand for the American

currency from oil importers. Besides, euro and yen

weakness against the dollar overseas and a lower opening

in the equity market also put pressure on the local unit,

forex dealers said. The rupee had gained 30 paise

yesterday to close at 54.55 against the dollar on fresh

selling of the American currency by banks.

REFERENCE RATE

As on 20TH December 2012

UNDERLYING RATE

USDINR 54.8420

EURINR 72.4667

GBPINR 89.1128

JPYINR 65.3100

TRADING TIPS

SELL USD/INR

BELOW 54.90

FOR TGT 54.75/54.60 SL 55.05

PAST

PERFORMANCE

SELL USD/INR

BELOW 54.70

FOR TGT 54.55/54.40 SL 54.85 UNEXECUTED

PRODUCT NAME

EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61

CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99

GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46

JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11

REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28

TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

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DAILY MARKET STATISTICS

Symbol Series/Expiry Unit Open High Low Close Prev. Close

EURINR 27-Dec-2012 1 EUR 72.5600 72.8450 72.3600 72.7725 72.5925

EURINR 29-Jan-2013 1 EUR 72.7200 73.0850 72.6300 73.0150 72.8400

GBPINR 27-Dec-2012 1 GBP 89.1200 89.3875 88.9100 89.3025 89.1025

GBPINR 29-Jan-2013 1 GBP 89.3625 89.6950 89.2500 89.5975 89.4275

JPYINR 27-Dec-2012 100 JPY 64.9900 65.5850 64.9100 65.3700 64.8425

JPYINR 29-Jan-2013 100 JPY 65.4950 65.8475 65.2025 65.6300 65.1225

USDINR 27-Dec-2012 1USD 54.8600 55.0175 54.7525 54.9125 54.7175

USDINR 29-Jan-2013 1 USD 55.0900 55.2700 55.0050 55.1775 54.9775

USDINR 26-Feb-2013 1 USD 55.3625 55.5250 55.2750 55.4425 55.2325

DAILY USD/INR CHART

ANALYSIS

OPEN: 54.8900

HIGH: 55.0175

LOW: 54.7550

CLOSE: 54.9125

USD/INR LOOKS SIDEWAYS

TREND: CONSOLIDATED

STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS

OPEN: 72.5500

HIGH: 72.8150

LOW: 72.3650

CLOSE: 72.7725

EUR/INR LOOKS UPWARDS

TREND: BULLISH

STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA

TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS

12:30pm EUR GfK German Consumer Climate

5.9 5.9

3:00pm GBP Current Account -14.1B -20.8B

7:00pm USD Core Durable Goods

Orders m/m

-0.2% 1.8%

7:00pm USD Core PCE Price Index m/m 0.1% 0.1%

7:00pm USD Durable Goods Orders

m/m

0.2% 0.5%

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