Forex report today 11 july 2013


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Forex report today 11 july 2013

  1. 1. 9977785000 DAILY FOREX REPORT RESEARCH VIA 11/7/2013
  2. 2. MARKET HEADLINES  Rupee up 13 paise vs dollar in early trade on RBI steps The rupee today rose by 13 paise to 60.01 against the US dollar in early trade at the Interbank Foreign Exchange market after the RBI took steps to curb volatility in the currency. The rupee had ended 47 paise higher at 60.14 against the US currency in the previous session. Meanwhile, the BSE benchmark index Sensex rose by 49.65 points, or 0.26 per cent, to 19,489.13 in early today.  Yuan slides on falling exports, ignores PBOC guidance China's yuan sank against the dollar on Wednesday as unexpectedly poor trade data for June sparked worries over the health of the world's second-largest economy.The yuan's decline was all the more notable as the central bank had set a stronger midpoint for the currency's daily trading band with the dollar.Spot yuan was trading at 6.1359 against the dollar at midday, down 0.1 per cent from Tuesday's close of 6.1295 even though the People's Bank of China set the midpointat 6.1652, a sharp rise of 0.13 per cent from Tuesday. Chinese exports fell by 3.1 per cent in June from a year earlier, official data published on Wednesday showed, the first decline since January 2012, shocking a market that had previously expected a 4.0 per cent rise.  Dollar down vs yen on stops; Fed minutes, Bernanke loom The dollar fell against the yen on Wednesday on position squaring, with the near-term focus on whether the minutes of the Federal Reserve's June meeting and a speech by Chairman Ben Bernanke will give fresh ammunition to dollar bulls. The dollar slipped 0.6 per cent to 100.59 yen, pulling away from a six- week high of 101.54 yen set on Monday on trading platform EBS.
  3. 3. DAILY MARKET STATISTICS CURRENCY EXPIRY OPEN HIGH LOW CLOSE EURINR 29-Jul-13 77.2500 77.3050 76.8350 76.9150 EURINR 28-Aug-13 77.3425 77.5975 77.1250 77.1800 EURINR 26-Sep-13 77.8950 77.8950 77.0050 77.2000 GBPINR 29-Jul-13 89.7125 89.8900 89.3400 89.4075 GBPINR 28-Aug-13 89.9250 90.1325 89.6000 89.6300 JPYINR 29-Jul-13 59.7900 60.3900 59.6300 59.9525 JPYINR 28-Aug-13 59.9125 60.6125 59.9000 60.1725 USDINR 29-Jul-13 60.4350 60.4350 59.8850 59.9450 USDINR 28-Aug-13 60.5650 60.6350 60.1325 60.1825 USDINR 26-Sep-13 60.8200 60.8900 60.3350 60.3725 RBI REFERENCE RATE (As on 10TH JUNE 2013) UNDERLYING RATE USDINR 60.1330 EURINR 76.8915 GBPINR 89.5200 JPYINR 59.7600
  4. 4. USDINR DAILY ANALYSIS  S1-59.7417  S2-59.5383  PP-60.0883  R1-60.2917  R2-60.6383 PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS  S1- 76.7317  S2-76.5483  PP-77.0183  R1-77.2017  R2-77.4883 PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS  S1-89.2017  S2-88.9958  PP-89.5458  R1-89.7517  R2-90.0958 PIVOT POINTS
  7. 7. 54.9950 JPYINR DAILY ANALYSIS  S1- 59.5917  S2- 59.2308  PP-59.9908  R1- 60.3517  R2- 60.7508 PIVOT POINTS
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