The daily forex report from Research Via provides market headlines and analysis for various currency pairs against the Indian rupee. On May 13th, the rupee fell 1% against the dollar due to global dollar strength and demand for imports. The report also notes that the British pound rose against the yen and yuan ended slightly lower against the dollar after China's central bank set a weaker midpoint. Daily pivot points and support and resistance levels are given for USDINR, EURINR, GBPINR, and JPYINR.

1. www.researchvia.com 9977785000
DAILY FOREX
REPORT
RESEARCH VIA
5/13/2013

2. MARKET HEADLINES
 Rupee falls most in 4 months on global dollar
strength
The rupee posted its biggest single-day fall in four months on Friday,
as the dollar's strength against global currencies and demand from oil
and gold importers offset gains in domestic shares that have been
driven by strong foreign flows.
The immediate resistance for USD/INR is 54.75, followed by
psychological resistance of 55.00 and good support around 54.15-20.
The partially convertible rupee closed at 54.80/81 per dollar, 1
percent below its 54.25/26 close on Thursday. The unit dropped to as
much as 54.8050 during the session, its weakest since April 8.
 Sterling hits near 4-year high against yen
Sterling rose to a near four-year high against a weaker yen on Friday,
with the pound drawing support from pick-up in activity in the British
economy that has lessened chances of more monetary easing in the
near term.
Against the euro, sterling was flat at 84.35 pence , while against a
broadly firmer dollar it was marginally lower on the day at $1.5410.
 Yuan ends weaker on global dollar rally, uptrend
still seen intact
China's yuan ended slightly lower on Friday, drifting from its all-time
high hit in the previous session, after the central bank set its official
midpoint weaker to reflect a rally in the dollar index overnight, traders
said.
Spot yuan closed at 6.1417 against the dollar, slipping from 6.1309 at
the close on Thursday. The PBOC fixed its midpoint at 6.2016 before
trade began, weaker than Thursday's all-time high midpoint of 6.1925.
Guided by a series of record high midpoints, the yuan changed hands
at as high as 6.1307 per dollar in intraday trading on Thursday, its
highest level since China established the domestic foreign exchange
market in 1994.

3. DAILY MARKET STATISTICS
CURRENCY EXPIRY OPEN HIGH LOW CLOSE
EURINR 29-May-2013 71.3000 71.4250 71.1500 71.3650
EURINR 26-Jun-2013 71.6275 71.6675 71.4050 71.6300
EURINR 29-Jul-2013 71.8200 71.8675 71.7225 71.7225
GBPINR 29-May-2013 84.4000 84.5850 84.2050 84.5100
GBPINR 26-Jun-2013 84.7875 84.8925 84.5375 84.8150
JPYINR 29-May-2013 55.0000 55.0000 53.9925 54.0850
JPYINR 26-Jun-2013 54.5500 54.5500 54.2475 54.3250
USDINR 29-May-2013 54.4800 54.9775 54.4800 54.9150
USDINR 26-Jun-2013 54.6100 55.1775 54.6100 55.1150
USDINR 29-Jul-2013 54.9000 55.4250 54.8975 55.3800
RBI REFERENCE RATE
(As on 10TH
MAY 2013)
UNDERLYING RATE
USDINR 54.5413
EURINR 71.1075
GBPINR 84.1900
JPYINR 53.9700

4. USDINR DAILY ANALYSIS
 S1-54.6042
 S2-54.2933
 PP-54.7908
 R1-55.1017
 R2-55.2833
PIVOT POINTS

5. EURINR DAILY ANALYSIS
 S1- 71.2017
 S2-71.0383
 PP-71.2017
 R1-71.3133
 R2-71.5883
PIVOT POINTS

6. GBPINR DAILY ANALYSIS
 S1-84.2817
 S2-84.0533
 PP-84.4333
 R1-84.6617
 R2-84.8133
PIVOT POINTS

7. 54.9950
JPYINR DAILY ANALYSIS
 S1- 53.7183
 S2- 53.3517
 PP-54.3592
 R1- 54.7258
 R2- 55.3667
PIVOT POINTS

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