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2. HEADLINES
Rupee rises against dollar post Greek debt deal
The rupee rose to 55.64/65 versus its previous close of
55.73/74 against the dollar which tracked the
greenback's losses versus major currencies on a global
risk-on following the Greece deal. Dollar demand from
oil refiners to meet month-end import commitments is,
however, expected to check any sharp rise in the rupee.
Dollar index versus six majors was down 0.16 per cent.
The pair is seen moving in 55.50 to 56.00 ranges with
dollar demand from oil firms being the key determinant
of the direction while dollar inflows into shares will also
TRADING TIPS be watched.
Rupee reverses gains against dollar
SELL USD/INR
BELOW 55.70 The rupee reversed early gains to trade at 55.75/76
versus its previous close of 55.73/74 as heavy dollar
FOR TGT
buying by oil refiners to meet month-end import
55.50/55.30
commitments weighed heavily against Indian currency.
SL 55.90
PAST RBI REFERENCE RATE
PERFORMANCE As on 27TH November 2012
BUY USD/INR
ABOVE 55.75 UNDERLYING RATE
USDINR 55.7045
FOR TGT 55.95
EURINR 72.3500
SL 55.55
GBPINR 89.3444
TARGET ACHIEVED
JPYINR 67.7200
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
Tentative EUR Italian 10-y Bond Auction 1.0% 1.0%
4:00pm GBP BOE Gov King Speaks -0.6% 2.0%
7:00pm USD Prelim GDP q/q 2.8% 2.0%
7:00pm USD Unemployment Claims 404K 410K
8:30pm USD Pending Home Sales m/m 0.9% 0.3%
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