DAILY FOREX REPORT 11th APRIL 2013WWW.EPICRESEARCH.CO +919752199966
HEADLINES Sterling rises versus dollar on hopes of no UK recession Sterling gained against the dollar on Wednesday, keeping close to a seven-week peak after solid industrial output increased the chances that the UK has avoided slipping into recession. The pound also rose to a three-and-a-half year peak against the yen, as the TRADING TIPS Japanese currency continued to suffer in the wake of BUY USD/INR last weeks radical monetary easing measures announced by the Bank of Japan. ABOVE 54.55 for Rupee off highs; oil bids weigh down The rupee was still strong though off highs. The pair TGTS of was at 54.52/53, off 54.40 highs, 54.58/59 previous 54.70/54.85 close. State-run bank dealer said bids from importers were keeping bias towards the Indian currency PAST weakening. PERFORMANCE RBI REFERENCE RATE BUY EUR/INR As on 9th APRIL 2013 ABOVE 71.20 for UNDERLYING RATE TGTS of USDINR 54.5340 EURINR 71.3260 71.35/71.05 GBPINR 83.5952 TARGET HIT JPYINR 55.0300www.epicresearch.co +919752199966
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