This Indian forex report provides daily reference rates for the USD, GBP, Euro, and Yen against the Indian rupee. It includes a chart of the USD/INR exchange rate with technical support and resistance levels noted. The report predicts that the USD/INR rate will fall further if it breaks below 61.30, targeting 61.14 and 60.92. It recommends a bearish outlook on the USD and to sell below 61.30.

1. INDIAN FOREX REPORT
INDEX WATCH:
1. RBI Reference Rate (USD/ GBP/ EURO/ YEN)
2. USDINR Chart, Levels and Charts Justification.
3. Technical outlook of USDINR.
4. Near Team Outlook for Rupee.
EPIC Research Report
This Report contains all the study and strategy required by trader to
trade on INDIAN FOREX MARKET (NSE-FX AND MCX-SX). Refer to the
chart attracted in the Report to take proper Trading Decision.
Research Analyst: Nilesh Jain

2. INDIAN FOREX DAILY NEWSLETTER
FOREX TECHICAL REPORT……!!!!
18- OCTOBER-2013, FRIDAY
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3. INDIAN FOREX DAILY NEWSLETTER
RBI DAILY REFRENCE RATES
Trade Date
1 USD
1 GBP
1 EURO
100 YEN
17-Oct-2013
61.5810
98.5111
83.4935
62.5100
15-Oct-2013
61.6929
98.5914
83.6735
62.6600
14-Oct-2013
61.3036
97.9877
83.1487
62.4000
11-Oct-2013
61.1570
97.7656
82.7795
62.1500
10-Oct-2013
62.1383
99.0236
83.8725
63.5800
09-Oct-2013
61.9170
99.4511
83.9247
63.5400
08-Oct-2013
61.6885
99.2013
83.6875
63.5000
07-Oct-2013
61.7760
99.0640
83.8360
63.6200
04-Oct-2013
61.4050
99.2857
83.6790
63.2500
03-Oct-2013
61.9348
100.4397
84.2360
63.4300
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4. INDIAN FOREX DAILY NEWSLETTER
USD/INR DAILY TECHNICAL LEVELS
USD/INR DAILY CANDLESTICK CHART
S2 – 60.7133
S1 – 61.0567
PIVOT – 61.7033
R1 – 61.0467
R2 – 62.6933
TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed @61.4000. If USD/INR breaks the level of @61.30 then it can touch the level of
@61.14 and @60.92 respectively.
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5. INDIAN FOREX DAILY NEWSLETTER
NEAR TERM OUTLOOK FOR RUPEE:
USD/ INR July futures contract (NSE)
View: Bearish on USD
Sell below 61.30
Market Lot : USD 1000
Target : 61.14 / 60.92
Stop Loss : 62.05
Support: S1/ S2 : 61.0567 / 60.7133
Resistance : R1/R2: 62.0467 / 62.6933
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6. INDIAN FOREX DAILY NEWSLETTER
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7. INDIAN FOREX DAILY NEWSLETTER
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