2. HEADLINES
Rupee drops 31 paise vs dollar in late morning
trade
The rupee dropped by 31 paise to 55.01 against the
dollar in late morning trade today on fresh demand of
the American currency from banks and importers. The
rupee resumed lower at 54.85 per dollar as against the
last closing level of 54.70 at the Interbank Foreign
Exchange (Forex) and declined further to 55.02 before
quoting 55.01 at 1040 hrs. It moved in a range of 54.87
and 55.02 per dollar during the morning deals.
TRADING TIPS Renewed dollar demand from banks and importers
mainly affected the rupee value.
BUY USD/INR
Rupee lower; RBI intervention eyed
ABOVE 55.31
FOR TGT The rupee is lower in opening trades, tracking losses in
most Asian FX, regional stocks, dealers say. Pair at
55.46/55.61
54.89/90 versus last close at 54.70/71.Foreign bank
SL 55.11
dealer says any possible central bank intervention will
be watched, after some talk about the RBI selling USD
PAST in the last session.
PERFORMANCE
• SELL EUR/INR RBI REFERENCE RATE
BELOW 70.07 As on 16TH November 2012
FOR TGT
69.87/69.67 UNDERLYING RATE
SL 70.27 USDINR 54.9915
SL TRIGGERED EURINR 70.2230
GBPINR 87.2110
JPYINR 67.8800
www.epicresearch.co +919752199966
6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
5:31am GBP Rightmove HPI m/m 3.5%
8:30pm USD Existing Home Sales 4.75M
8:30pm USD NAHB Housing Market 41
Index
7:45pm USD Industrial Production 0.3% 0.4%
m/m
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