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DAILY FOREX REPORT 11TH DECEMBER 2012WWW.EPICRESEARCH.CO +919752199966
HEADLINES Rupee loses initial gains, up 10 paise to 54.37 versus dollar In line with equity market, rupee failed to maintain initial gains against dollar, but was still quoted higher today in late morning trade by 10 paise to 54.37 on selling of the American currency by banks and exporters amid foreign capital inflows in equity market. The rupee resumed higher at 54.30 per dollar as against the last weekends level of 54.47 at the Interbank Foreign Exchange (Forex) Market and moved up further to 54.26 against the American currency. TRADING TIPS Yuan closes at one-month low as PBOC seen BUY USD/INR buying dollars ABOVE 54.73 The yuan closed at its weakest level in over a month on FOR TGT Monday after the central bank BSE 2.60 % appeared to buy 54.85/54.97 dollars in the sessions final minutes, extending a pattern of SL 54.55 intervention when trading volumes are low. PAST PERFORMANCE RBI REFERENCE RATE BUY USD/INR As on 10TH December 2012 ABOVE 54.75 UNDERLYING RATE FOR TGT USDINR 54.3405 54.95/55.15 EURINR 70.1320 SL 54.55 GBPINR 87.0888 UNEXECUTED JPYINR 65.9400www.epicresearch.co +919752199966
FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS German ZEW economic -11.4 -15.73.30 P.M EUR sentiment7.00 P.M USD Trade balance -42.4 B -41.5 B8:30pm USD IBD/TIPP Economic 51.6 48.6 optimismDisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits themthe most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based onanalysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provideindividually tailor-made investment advice. Epic research recommends that investors independently evaluate particularinvestments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not beresponsible for any transaction conducted based on the information given in this report, which is in violation of rules andregulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein, togetherwith all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holdingpositions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his freewill and does not read any views expressed as a recommendation for which either the site or its owners or anyone can beheld 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 incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research does notpurport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party oranyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyonewhich is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919752199966