This document provides a daily forex report from Epic Research dated May 28th, 2013. It includes headlines on currency movements, trading tips and analysis on USD/INR and EUR/INR currency pairs. Key points covered are the yen strengthening against the dollar, yuan reaching a new peak against the dollar for the 7th time in May, and the rupee edging higher against the dollar. Charts and analysis are provided showing bullish trends for USD/INR and recommending buying on dips. Upcoming French manufacturing PMI data is also noted.

1. rbi
DAILY FOREX REPORT
28 th
MAY 2013
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 HEADLINES

Yen stays near 2-1/2 week high against dollar
The dollar was down 0.4 percent at 100.84 yen, near
Friday's trough around 100.66 yen, its lowest since
May 10.
Yuan closes near record high after setting new
peak for 7th time in May
China's Yuan closed near a record high against the
dollar on Monday after hitting a new peak for the
seventh time this month as the central bank set the
midpoint at its strongest level.
Rupee inches up as shares gain; month-end
dollar demand hurts
The rupee edged higher to 55.57/58 versus its close
of 55.63/64 on Friday, tracking gains in the share
market
RBI REFERENCE RATE
As on 27 th MAY 2013
UNDERLYING RATE
USDINR 55.6158
EURINR 71.9580
GBPINR 84.1806
JPYINR 55.1000
 TRADING TIPS
 SELL EURO /INR
BELOW 72 for
TGTS of
71.88/71.70
 TRADING TIPS
 SELL USD/INR
BELOW 55.80
for TGTS of
55.68 /55.54
2 nd tgt achieve

3. PRODUCT
NAME
EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
CHANGE
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
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
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
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DAILY MARKET STATISTICS
Symbol Series/Expiry Unit Open High Low Close
Prev.
Close
EUR-INR 29-MAY-2013 1 EUR 71.1000 71.3800 70.9050 71.1975 70.9450
EUR-INR 26-JUNE-2013 1 EUR 71.5000 71.7800 71.3050 71.6175 71.2400
GBP-INR 29-MAY-2013 1 GBP 82.9400 83.1425 82.5050 82.6925 84.2800
GBP-INR 26-JUNE-2013 1 GBP 83.3525 83.5875 82.9450 83.1100 84.6900
JPY-INR 29-MAY-2013 100 JPY 55.2050 55.5975 54.7450 55.4875 55.3300
JPY-INR 26-JUNE-2013 100 JPY 55.3350 55.9200 55.0900 55.7975 55.6500
USD-INR 29-MAY-2013 1 USD 54.1225 54.2725 53.7825 54.2275 54.2300
USD-INR 26-JUNE-2013 1 USD 54.4825 54.5550 54.0750 54.5125 54.5700
USD-INR 29-MAY-2013 1 USD 54.7800 54.8650 54.3900 54.8200 54.8675

4.  DAILY USD/INR CHART
ANALYSIS
OPEN: 55.4800
HIGH: 55.7400
LOW: 55.4175
CLOSE: 54.96
 USD/INR LOOKS UPWARDS
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
 54.2995

5.  DAILY EUR/INR CHART
http://www.icharts.in/getImageFromSessionLive.php?img=chart1&id=ssrrjd8n1kmkm0cg5ulvc9tmp3518b82703dba5&
ANALYSIS
OPEN 71.3800 HIGH 72.0900 LOW 71.3800 CLOSE 72.0000
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
11:30am EURINR French Manufacturing
PMI
44.44
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