1. S
DAILY FOREX REPORT
29TH JANUARY 2013
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2. HEADLINES
Rupee posts biggest fall in 3 weeks a day ahead
of policy
Rupee weakened on Monday, posting its biggest single-
day fall in three weeks, on the back of heavy dollar buying
by oil firms and other importers looking to meet month-
end demand, while weak regional sentiment added to the
downside. Almost all Asian currencies weakened against
the dollar while global equities saw some consolidation
after recent gains as investors awaited confirmation that
the financial market conditions and the outlook for the
euro area have improved. Some caution also prevailed
ahead of the Reserve Bank of India policy review on
TRADING TIPS Tuesday, when the central bank is widely expected to cut
interest rates by 25 basis points, its first cut in the key
BUY USD/INR
lending rate since April 2012.In its macro-economic
ABOVE 54.00 report, released close to the market closing time, the
FOR TGT central bank said a sustained commitment to contain
54.15/54.30 fiscal and current account deficits was needed to create
SL 53.80 room for monetary easing.
PAST
REFERENCE RATE
PERFORMANCE
BUY USD/INR As on 28th January 2013
ABOVE 53.70
UNDERLYING RATE
FOR TGT USDINR 53.8905
53.82/53.94
EURINR 72.5070
SL 53.50
GBPINR 84.9260
UNEXECUTED
JPYINR 59.2900
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
12:30pm EUR GfK German Consumer 5.8 5.6
Climate
12:30pm EUR German Import Prices -0.1% -0.2%
m/m
7:30pm USD S&P/CS Composite-20 5.7% 4.3%
HPI y/y
8:30pm USD CB Consumer Confidence 64.5 65.1
9:00pm USD Crude Oil Inventories -1.6M -1.0M
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