1. USD INR: DAILY UPDATE
24th December 2013
SWASTIKA INTELLIGENCE GROUP
OUTLOOK FOR TODAY: USD INR
ting
We expect the rupee to trade on a neutral to positive note
against the dollar taking cues from rising dollar index and
month end dollar demand by the OMCs and importers.
However, upbeat global and domestic market sentiments can
cap sharp gains in the dollar.
Technical Outlook: As seen on the daily chart, USDINR is
testing the support level at 61.90. If it breaches this support
then it is likely that the counter will head towards the 61.60
mark. However, if it bounces back from the support level, then
62.60 will act as a crucial resistance.
IMPORTANT ECONOMIC DATA TODAY
Currency
Time
Event
EUR
1:15 PM
French Consumer Spending m/m
GBP
3:00 PM
BBA Mortgage Approvals
USD
7:00 PM
Core Durable goods orders m/m
USD
7:00 PM
Durable goods orders m/m
USD
8:30 PM
New Home Sales
MARKET OVERVIEW
KEY STATISTICS: 23rd December 2013
RBI REFERENCE RATES: ALL CURRENCIES
Rupee gained 0.31 percent against the dollar and closed at
62.03 in futures. The spot rate is currently at 61.95.
Currency
Rate
Previous close
%
Change
USD INR
61.9915
62.2420
-0.40
FIIs invested a total of Rs. 785.77 crores in the cash and
derivatives market of India on Monday.
GBP INR
101.3747
101.8092
-0.43
EUR INR
84.8180
84.8774
-0.07
JPY INR
59.5800
59.5900
-0.02
Dollar index is currently trading at 80.51 up 0.08 percent
from the previous close.
The Core PCE index stood at 1.12, fractionally higher than last
month’s downwardly adjusted 1.09% (previously 1.11%).
Personal spending rose 0.5% last month, matching
expectations. Personal spending for October was revised up to
a 0.4% gain from a previously reported increase of 0.3%.
Personal income rose 0.2% in November, missing
expectations for a 0.5% increase, after falling by 0.1% in
October.
US consumer sentiment was steady at 82.5 according to the
revised University of Michigan survey of consumers. This was
unchanged from the preliminary reading.
Visit us at : www.swastika.co.in
ONLINE TRADE: USD INR
Instrument
Turnover (Cr)
Open Interest
Futures
5322.22
775914
Options
1797
589521
Total
7119.22
1365435

2. USD INR: DAILY UPDATE
24th December 2013
SWASTIKA INTELLIGENCE GROUP
CURRENCY TRACKER: 24th December 2013
CURRENCY
CONTRACT
S2
S1
USDINR
December
61.4400
61.7900
EURINR
December
84.3900
GBPINR
December
JPYINR
December
R1
R2
TREND
62.0300
62.2700
62.6000
Sideways
84.6300
84.8400
85.1000
85.3300
Sideways
100.7900
101.1400
101.4200
101.8800
102.2900
Sideways
59.2200
Report Prepared by
LTP
59.5500
59.7800
59.9600
60.2000
Sideways
Designation
E-mail ID
Sonakshi Bahety
Research Associate
sonakshi.bahety@swastika.co.in
RESEARCH TEAM
Santosh Sahu
Santosh Meena
Amit Khare
Vishnu Shreekar
Saloni Gupta
SWASTIKA INTELLIGENCE GROUP
Research Head
Derivatives & Technical Analyst
Commodity Analyst
Commodity Analyst
Research Associate
research@swastika.co.in
santosh.sahu@swastika.co.in
santosh.meena@swastika.co.in
amit.khare@swastika.co.in
vishnu.shreekar@swastika.co.in
salony.gupta@swastika.co.in
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