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2. HEADLINES
Rupee fails to maintain early gains vs dollar,
down 5 paisa
The rupee failed to maintain its early gains and
slipped by five paisa to trade at 53.52 against the US
currency on fresh dollar demand from banks and
importers amidst weak local equity markets. The
rupee resumed higher at 53.40 per dollar against the
last closing level of 53.47 per dollar and improved
further to 53.36 per dollar at the Interbank Foreign
TRADING TIPS Exchange (Forex) Market on selling of dollars by some
banks and exporters. However, it failed to maintain
BUY EUR/INR
early gains on fresh dollar demand from banks and
ABOVE 69.95 moved down to 53.56 per dollar, before quoting at
For targets of 53.52 per dollar at 1050 hrs.
70.15/70.35
Stop loss 69.75 RBI REFERENCE RATE
As on 23RD October 2012
PAST
PERFORMANCE UNDERLYING RATE
BUY EUR/INR USDINR 53.5895
ABOVE 69.85
EURINR 69.9070
For targets of
70.05 SL 69.65 GBPINR 85.8129
Target Achieved
JPYINR 67.0900
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
1:30pm EUR Private Loans y/y -0.4% -0.6%
6:00pm USD Core Durable Goods 0.8% -1.6%
Orders m/m
6:00pm USD Unemployment Claims 371k 388K
7:30pm USD Pending Home Sales 2.3% -2.6%
m/m
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