1. www.researchvia.com 9977785000
DAILY FOREX
REPORT
RESEARCH VIA
12/7/2013

2. MARKET HEADLINES
 Rupee up 24 paise vs US dollar in early trade
The rupee today rose by 24 paise to 59.41 in early trade at the
Interbank Foreign Exchange market as the dollar weakened against
other major rivals overseas after US Federal Reserve Chairman Ben
Bernanke said its huge stimulus programme would stay in place for
some time.The rupee had gained 49 paise, the most since June 28, to
close at 59.65 against dollar in yesterday's trade, after the RBI and
Sebi took steps to curb volatility.Meanwhile, the BSE benchmark
Sensex rose by 290.26 points, or 1.50 per cent, to 19,584.38 in early
trade today.
 Dollar tumbles after dovish Bernanke trip up bulls
The dollar tumbled on Thursday after dovish comments from
Federal Reserve Chairman Ben Bernanke forced traders to trim their
long positions on the greenback, as markets reassessed expectations
that the Fed would start to reduce stimulus as early as September.
Bernanke's comment came during early Asian trading hours, when
market liquidity is at its lowest, promoting a rapid barrage of stop-loss
selling of the dollar, possibly exaggerating price action, traders said.
The euro roared to a three-week high of $1.32085 at one stage, up
more than 3 per cent from Wednesday's low of $1.2765. It easily
spiked above $1.3010, the 38.2 per cent retracement of its June-July
fall, then $1.3167, the 61.8 per cent level.
The euro last traded at $1.3090, up 0.9 per cent on the day. The dollar
also fell against the yen, dropping to a two-week low of 98.20 yen,
though it held above a key support from the cloud bottom on the daily
Ichimoku charts at 98.155.

3. DAILY MARKET STATISTICS
CURRENCY EXPIRY OPEN HIGH LOW CLOSE
EURINR 29-Jul-13 77.7000 78.3500 77.7000 78.1975
EURINR 28-Aug-13 77.8000 78.6050 77.8000 78.4175
EURINR 26-Sep-13 78.0125 78.7250 78.0125 78.7000
GBPINR 29-Jul-13 89.6500 90.7825 89.6500 90.5100
GBPINR 28-Aug-13 89.9000 91.0000 88.9600 90.7425
JPYINR 29-Jul-13 60.0225 60.6425 60.0225 60.3350
JPYINR 28-Aug-13 60.3000 60.8525 60.3000 60.5250
USDINR 29-Jul-13 59.8425 60.0925 59.4300 59.8925
USDINR 28-Aug-13 59.9025 60.3000 59.6700 60.0800
USDINR 26-Sep-13 60.0000 60.4900 59.8850 60.2650
RBI REFERENCE RATE
(As on 11TH
JUNE 2013)
UNDERLYING RATE
USDINR 59.6420
EURINR 77.9850
GBPINR 90.1370
JPYINR 60.4000

4. USDINR DAILY ANALYSIS
 S1-59.3175
 S2-59.0425
 PP-59.7050
 R1-59.9800
 R2-60.3675
PIVOT POINTS

5. EURINR DAILY ANALYSIS
 S1- 77.8150
 S2-77.4325
 PP-78.0825
 R1-78.4650
 R2-78.7325
PIVOT POINTS

6. GBPINR DAILY ANALYSIS
 S1-89.8458
 S2-89.1817
 PP-90.3142
 R1-90.9783
 R2-91.4467
PIVOT POINTS

7. 54.9950
JPYINR DAILY ANALYSIS
 S1- 60.0242
 S2- 59.7133
 PP-60.3333
 R1- 60.6442
 R2- 60.9533
PIVOT POINTS

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