The rupee fell from a 3.5 month high against the dollar, trading at 53.36/37 versus its previous close of 53.30/31. Gains in the dollar against other Asian currencies and month-end dollar demand from oil firms put downward pressure on the rupee. The rupee trimmed initial gains but was still up 9 paise at 53.21 per dollar due to mild selling of dollars from banks and exporters seeing persistent capital inflows. The report provides trading tips and analysis on currency pairs and recommends selling USD/INR below 53.39 for a target of 53.24/53.09.

1. S
DAILY FOREX REPORT
1STFEBRUARY 2013
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2.  HEADLINES
Rupee falls from 3-1/2 month high vs dollar
The rupee is trading at 53.36/37 versus its previous close
of 53.30/31, falling sharply from the day's high of 53.07,
which was its strongest since Oct. 18.Traders say gains in
the dollar versus most other Asian currencies seen hurting
sentiment for the rupee. Month-end dollar demand from
oil firms are also adding to the downward pressure on the
rupee. Domestic shares were trading down 0.4 percent,
boosting the pair further.
Rupee trims initial gains vs dollar, still up by 9
paise
 TRADING TIPS The rupee trimmed its initial gains against the American
currency but was still quoted up by nine paise to 53.21 per
 SELL USD/INR
dollar on mild selling of dollars from banks and exporters
BELOW 53.39 in view of persistent capital inflows from foreign funds.
FOR TGT
53.24/53.09 REFERENCE RATE
SL 53.59 As on 31ST January 2013
PAST
PERFORMANCE UNDERLYING RATE
 SELL USD/INR USDINR 53.2890
BELOW 53.52 EURINR 72.2325
FOR TGT GBPINR 84.2233
53.37/53.22 JPYINR 58.6600
SL 54.72
TARGET ACHIEVED
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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 26-Feb-2013 1 EUR 72.6500 72.6500 72.2250 72.2775 72.5575
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 27-Mar-2013 1 EUR 72.7800 72.8500 72.5125 72.5550 72.8325
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
GBPINR 26-Feb-2013 1 GBP 84.4750 84.7800 84.1150 84.2750 84.3550
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
GBPINR
PEPPER 27-Mar-2013 42300 GBP 4255584.7825
7/19/2012 1 42250 85.0425
42390 84.4500
42435 84.5800
45 84.6925
0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
JPYINR 26-Feb-2013 100 JPY 58.7225 59.0700 58.6400 58.7175 58.7025
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
JPYINR 27-Mar-2013 100 JPY 59.1975 59.3025 58.9150 58.9875 58.9800
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
USDINR
WHEAT 26-Feb-2013
7/19/2012 1USD 1282 53.4500
1251 1251 53.5850
1246 53.2550
1282 53.3925
36 53.5350
2.89
USDINR 27-Mar-2013 1 USD 53.7775 53.8475 53.5175 53.6575 53.7900
USDINR 26-Apr-2013 1 USD 54.0200 54.1300 53.8100 53.9450 54.0825
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4. DAILY USD/INR CHART
ANALYSIS
OPEN: 53.4950
HIGH: 53.5850
LOW: 53.2550
CLOSE: 53.3925
 USD/INR LOOKS DOWNWARDS
 TREND: BEARISH
 STRATEGY: SELL ON RISE
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5. DAILY EUR/INR CHART
ANALYSIS
OPEN: 72.4525
HIGH: 72.5800
LOW: 72.2250
CLOSE: 72.2775
 EUR/INR LOOKS DOWNWARDS
 TREND: BEARISH
 STRATEGY: SELL ON RISE
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
3:30pm EUR Unemployment Rate 11.9% 11.8%
7:00pm USD Non-Farm Employment 161K 155K
Change
7:00pm USD Unemployment Rate 7.8% 7.8%
8:30pm USD ISM Manufacturing PMI 50.8 50.7
9:00pm USD Crude Oil Inventories -1.6M -1.0M
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