- The Indian rupee gained 25 paise against the US dollar after the Reserve Bank of India cut its key policy rates by 25 basis points. - The RBI reduced the repo rate from 8% to 7.75% and the reverse repo rate from 6.75% to 6.75%. It also cut the cash reserve ratio, releasing Rs 18,000 crore in liquidity. - The daily forex report provides the closing prices of various currency pairs including USD/INR, EUR/INR, GBP/INR, and JPY/INR along with upcoming economic data releases and a technical analysis of currency movements.

1. S
DAILY FOREX REPORT
30TH JANUARY 2013
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2.  HEADLINES
Rupee gains 25 paise against dollar as RBI cuts
rates
The Indian currency today gained 25 paise against the US
dollar after the Reserve Bank of India cut key policy rates
by 25 basis points. Rupee opened at 53.95 and appreciated
to 53.70 levels. About half of the 10 economists polled by
ET on Friday had forecasted a 25-bps cut in repo rate. A
basis point is 0.01 percentage point. The Reserve Bank of
India reduced repo rate or the rate at which RBI lends to
banks by 25 basis points from 8% to 7.75%. The reverse
repo rate, determined with a spread of 100 basis points
below the repo rate, is kept at 6.75%.RBI has reduced cash
 TRADING TIPS reserve ratio by 25 basis points, thereby, releasing around
Rs 18,000 crore of liquidity into the banking system. RBI
 SELL USD/INR
has reduced the cash reserve ratio from 4.25% to 4%. This
ABOVE 54.00 will be effective from the fortnight beginning February 9,
FOR TGT 2013.
53.85/53.3070
SL 54.20 REFERENCE RATE
PAST As on 29th January 2013
PERFORMANCE
 BUY USD/INR UNDERLYING RATE
USDINR 53.7015
ABOVE 54.00
EURINR 72.2115
FOR TGT
54.15/54.30 GBPINR 84.3543
SL 53.80 JPYINR 59.1700
UNEXECUTED
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3. DAILY MARKET STATISTICS
PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
NAME CHANGE
Symbol Series/Expiry Unit Open High Low Close Prev. Close
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
EURINR 29-Jan-2013 1 EUR 72.0000 72.8975 72.0000 72.5450 71.5750
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
EURINR 26-Feb-2013 1 EUR 71.9900 72.8500 71.9900 72.7950 71.8350
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
GBPINR 29-Jan-2013 1 GBP 84.8000 85.0525 84.6600 84.8200 85.0175
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
GBPINR
PEPPER 26-Feb-2013 42300 GBP 4255585.1200
7/19/2012 1 42250 85.3875
42390 84.9750
42435 85.1125
45 85.3175
0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
JPYINR 29-Jan-2013 100 JPY 59.6000 59.6000 58.9925 59.5525 59.9575
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
JPYINR 26-Feb-2013 100 JPY 59.8000 59.8500 59.4000 59.7925 60.2225
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
USDINR
WHEAT 29-Jan-2013
7/19/2012 1USD 1282 53.8250
1251 1251 53.9625
1246 53.7725
1282 53.9425
36 53.6950
2.89
USDINR 26-Feb-2013 1 USD 53.9300 54.2125 53.9300 54.1925 53.9275
USDINR 27-Mar-2013 1 USD 54.1500 54.4600 54.1475 54.4475 54.2000
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4. DAILY USD/INR CHART
ANALYSIS
OPEN: 54.2000
HIGH: 54.2400
LOW: 53.7750
CLOSE: 54.0375
 USD/INR LOOKS SIDEWAYS
 TREND: CONSOLIDATED
 STRATEGY: SELL ON RISE
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5. DAILY EUR/INR CHART
ANALYSIS
OPEN: 72.8575
HIGH: 72.8575
LOW: 72.2325
CLOSE: 72.5100
 EUR/INR LOOKS SIDEWAYS
 TREND: CONSLODATED
 STRATEGY: SELL ON RISE
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
6:45pm USD ADP Non-Farm 164K 215K
Employment Change
7:00pm USD Advance GDP q/q 1.1% 3.1%
9:00pm USD Crude Oil Inventories 2.9M 2.8M
11:30pm EUR German Buba President
Weidmann Speaks
9:00pm USD Crude Oil Inventories -1.6M -1.0M
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