This document is a daily forex technical report that provides: 1) Daily reference exchange rates for the Indian rupee (INR) against the US dollar, British pound, euro, and Japanese yen from the Reserve Bank of India. 2) A daily technical analysis of the USD/INR exchange rate pair, identifying support and resistance levels and providing a short-term outlook. 3) A bearish near-term outlook for the rupee, recommending selling the USD/INR futures contract below 63.55 with targets of 63.40 and 63.23.

1. FOREX TECHNICAL REPORT……!!!!
14- NOVEMBER-2013, THURSDAY

2. INDIAN FOREX DAILY NEWSLETTER
RBI DAILY REFRENCE RATES
Trade Date
1 USD
1 GBP
1 EURO
100 YEN
13-Nov-2013
63.6545
101.1661
85.5502
63.9400
12-Nov-2013
63.5930
101.5580
85.1515
63.8500
11-Nov-2013
63.2955
101.3614
84.5950
63.9700
08-Nov-2013
62.7315
100.9224
84.0625
63.9400
07-Nov-2013
62.5740
100.6252
84.6225
63.4600
06-Nov-2013
61.9225
99.5961
83.6375
62.8100
05-Nov-2013
61.7880
98.6569
83.4190
62.7400
01-Nov-2013
61.9046
99.1897
83.8775
63.2100
31-Oct-2013
61.4100
98.2867
84.1245
62.4400
30-Oct-2013
61.4871
98.7052
84.4855
62.6100
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3. INDIAN FOREX DAILY NEWSLETTER
USD/INR DAILY TECHNICAL LEVELS
USD/INR DAILY CANDLESTICK CHART
S2 – 63.1958
S1 – 63.4367
PIVOT – 63.8133
R1 – 64.0542
R2 – 64.4308
TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed @63.6775. If USD/INR breaks the level of @63.55 then it can touch the level of
@63.40 and @63.23 respectively.
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4. INDIAN FOREX DAILY NEWSLETTER
NEAR TERM OUTLOOK FOR RUPEE:
USD / INR Nov futures contract (NSE)
View : Bearish on USD
Sell below 63.55
Market Lot : USD 1000
Target : 63.40 / 63.23
Stop Loss : 64.10
Support: S1/ S2 : 63.4367 / 63.1958
Resistance : R1/R2 : 64.0542 / 64.4308
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5. INDIAN FOREX DAILY NEWSLETTER
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6. INDIAN FOREX DAILY NEWSLETTER
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