The document provides a daily forex report dated October 16th, 2012. It includes the following: 1) Headlines discussing declining dollar inflows from non-resident Indians as the rupee gains strength, making NRI deposits less attractive. 2) Trading tips to buy EUR/INR and USD/INR. 3) Reference exchange rates from the RBI and past performance on trades. 4) Charts and analysis of the USD/INR and EUR/INR markets.

1. DAILY FOREX REPORT
16th OCTOBER 2012
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2.  HEADLINES
 NRI dollar inflows drying up as rupee gains
in strength
The flood of US dollar flows from NRIs that saved the
Indian rupee last year when it was pummeled by
global investors, has reduced to a trickle in August for
the first time since the rates for non- resident rupee
accounts were freed in December 2011, which may
pressure the rupee again. A rising Indian currency to
the US dollar due to a surge in foreign fund flows, and
 TRADING TIPS lowering of interest rates on NRI deposits have made
it unattractive for Indians abroad to bring in their
 BUY EUR/INR earnings. The government is now batting for
ABOVE 68.77 appreciation to arrest its current account deficit, the
For targets of excess of imports over exports, and fiscal deficit.
68.92/69.07 NRIs, who were getting 57 to a US dollar a few months
Stop loss 68.62 ago, now get 52.81.
 PAST RBI REFERENCE RATE
PERFORMANCE As on 15 Th October 2012
• BUY USD/INR
UNDERLYING RATE
ABOVE 52.89 USDINR 53.1198
for targets of EURINR 68.6020
53.04/53.19
GBPINR 85.1457
Stop loss 52.74
JPYINR 67.6500
Target Achieved
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3. DAILY MARKET STATISTICS
PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
NAME CHANGE
Prev.
Symbol Series/Expiry Unit Open High Low Close
Close
CHANA
EURINR 7/19/2012
29-Oct-2012 4556
1 EUR 4573
68.5300 452568.82504560 68.4975
4532 68.7700
-28 -0.61
68.5325
CHILLI
EURINR 7/19/2012
27-Nov-2012 5060
1 EUR 5060
69.1500 501869.15005120 68.7275
5018 68.9975
-102 -1.99
68.7575
GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
GBPINR 29-Oct-2012 1 GBP 85.0050 85.3100 85.0050 85.1550 84.9100
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
GBPINR 27-Nov-2012 1 GBP 85.3200 85.5500 85.2700 85.4175 85.1400
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
JPYINR 29-Oct-2012 100 JPY 67.5825 67.7725 67.3025 67.3475 67.3850
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
JPYINR 27-Nov-2012 100 JPY 67.7500 67.9475 67.5250 67.5575 67.5650
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
USDINR 29-Oct-2012 1USD 53.0350 53.2225 52.9750 53.0350 52.8900
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
USDINR 27-Nov-2012 1 USD 53.3500 53.4450 53.2000 53.2575 53.1000
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
USDINR 27-Dec-2012 1 USD 53.5000 53.6600 53.4200 53.4800 53.3450
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
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4. DAILY USD/INR CHART
ANALYSIS
OPEN: 53.1025
HIGH: 53.2225
LOW: 52.9750
CLOSE: 53.0350
 USD/INR LOOKS UPWARDS
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
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5. DAILY EUR/INR CHART
ANALSIS
OPEN: 68.5300
HIGH: 68.8250
LOW: 68.4975
CLOSE: 68.7700
 EUR/INR LOOKS UPWARDS
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
2:00pm GBP CPI y/y 2.2% 2.5%
2:30pm EUR German ZEW Economic -14.6 -18.2
Sentiment
Tentative GBP BOE Inflation Letter
6:00pm USD CPI m/m 0.4% 0.6%
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