Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Intraday Tips, NSE Tips, BSE
Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
2. HEADLINES
Rupee trims losses as domestic shares rise
The rupee trimmed losses to trade 55.31/32 retreating
after hitting a more than two-month low of 55.37 earlier
in the session. The pair closed at 55.0950/1050 on
Tuesday. Traders say gains in domestic shares have led
to some dollar selling by custodian banks, although
that's being offset by greenback buying from oil
refiners.
RBI seeks alternative to dollar as reserve
option
Even as China tries to promote the yuan as an
TRADING TIPS international currency, Reserve Bank of India (RBI) has
joined the effort of chipping away at the dollar's
BUY USD/INR preeminent position as the world's currency. The
ABOVE 55.17 central bank on Monday called for inclusion of
FOR TGT emerging market currencies as alternative reserve
55.37/55.57 currencies to the dollar. Delivering the 46th A D Shroff
Memorial Lecture in Mumbai on Tuesday, RBI governor
SL 54.93
D Subbarao said that the dollar's monopoly as a reserve
currency had resulted in many countries facing a
liquidity problem as foreign creditors and foreign
investors turned risk averse.
PAST RBI REFERENCE RATE
PERFORMANCE As on 21ST November 2012
BUY USD/INR
UNDERLYING RATE
ABOVE 55.15
USDINR 55.2025
FOR TGT 55.35
EURINR 70.4255
SL 54.95
TARGET ACHIEVED GBPINR 87.7913
JPYINR 67.3900
www.epicresearch.co +919752199966
6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
1:30pm EUR French Flash 44.1 43.7
Manufacturing PMI
2:00pm EUR German Flash 45.9 46.0
Manufacturing PMI
Day 1 EUR EU Economic Summit 51.2 51.0
Tentative EUR Spanish 10-y Bond Auction 5.46|1.9
All Day USD Bank Holiday
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them
the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide
individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular
investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be
responsible for any transaction conducted based on the information given in this report, which is in violation of rules and
regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together
with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding
positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will
and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held
responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.epicresearch.co +919752199966