1. S
DAILY FOREX REPORT
23RD JANUARY 2013
WWW.EPICRESEARCH.CO +919752199966
2. HEADLINES
Rupee erases gains on state-run banks' dollar
demand
Dollar demand from state-run banks erased most of
rupee's early gains. The rupee is at 53.64/65, pulling back
from the day's low of 53.375 following the government's
announcement of raising import duty on gold, a key
source of dollar demand after oil in India. The rupee had
closed at 53.765/775 on Monday. "Market went excessive
short in the morning. So there is some covering up now,"
says a dealer with a foreign bank. The government has
TRADING TIPS raised the import tax on gold by 2 percentage points to 6
per cent to curb purchases and rein in a ballooning fiscal
BUY USD/INR deficit, but industry officials expect only a moderate drop
BELOW 53.75 in demand.
FOR TGT
53.90/54.05
SL 53.55
REFERENCE RATE
PAST
PERFORMANCE As on 22ND January 2013
SELL USD/INR
UNDERLYING RATE
BELOW 53.87
USDINR 53.5115
FOR TGT
EURINR 71.4275
53.77/53.67
GBPINR 84.8478
SL 54.07
UNEXECUTED JPYINR 59.9800
www.epicresearch.co +919752199966
6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
3:00pm GBP Claimant Count Change 0.3K -3.0K
3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9
7:30pm USD HPI m/m 0.7% 0.5%
8:30pm EUR Consumer Confidence -25 -27
9:00pm USD Crude Oil Inventories -1.6M -1.0M
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them
the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide
individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular
investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be
responsible for any transaction conducted based on the information given in this report, which is in violation of rules and
regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together
with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding
positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will
and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held
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 incurred
whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.epicresearch.co +919752199966
