1. S
DAILY FOREX REPORT
31STJANUARY 2013
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2. HEADLINES
Rupee strengthens to over 3-month peak on
dollar inflows
The rupee rose to its highest level in more than three
months on Wednesday on the back of dollar inflows for
upcoming share sales and positive sentiment from a
stronger euro. At 3:30 p.m. (1000 GMT), the partially
convertible rupee was at 53.3550/3650 per dollar, its
strongest since Oct. 23, 2012 and stronger than its close of
53.76/77 on Tuesday. Traders said exporters were also
seen selling the greenback of expectations of a stronger
rupee in the near-term. India's ministerial panel approved
selling a 10 percent stake in Oil India BSE -2.30 % on Feb.
TRADING TIPS 1, the oil secretary said.
SELL USD/INR
ABOVE 53.52
FOR TGT REFERENCE RATE
53.37/53.22 As on 30th January 2013
SL 54.72
PAST UNDERLYING RATE
PERFORMANCE USDINR 53.5678
SELL USD/INR EURINR 72.2340
ABOVE 54.00 GBPINR 84.3746
FOR TGT JPYINR 58.9500
53.85/53.3070
SL 54.20
TARGET ACHIEVED
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
12:45am USD FOMC Statement 164K 215K
All Day EUR German Prelim CPI m/m -0.5% 0.9%
1:15pm EUR French Consumer 0.3% 0.2%
Spending m/m
7:00pm USD Unemployment Claims 362K 330K
9:00pm USD Crude Oil Inventories -1.6M -1.0M
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