2. HEADLINES
Rupee flat; lower retail inflation spurs rate cut
hopes
The rupee ended flat on Friday as a slump in local
stocks after a weak revenue guidance from IT
bellwether Infosys, was evened out by hopes the
Reserve Bank of India (RBI) would cut interest rates
next month after data showed slowing consumer
inflation.The rupee gained a modest 0.5 per cent for the
week, which has been marked by concerns about
outflows after foreign investors sold a net $37.29
million in equities in April and a net $510.57 million of
RBI REFERENCE RATE debt, according to the latest available regulatory data.
As on 12TH APRIL 2013
Forex reserves at $293.84 bn as on April 5: RBI
The foreign exchange reserves rose by USD 1.196 billion
to touch USD 293.84 billion during the week ended
UNDERLYING RATE
April 5 on the back of increase in core currency assets,
USDINR 54.4425 the Reserve Bank said today.The total reserves stood at
USD 292.647 billion in the previous reporting
EURINR 71.3310
week.Foreign currency assets, a major component of
GBPINR 83.7761 the forex reserves, were up by USD 1.787 billion to USD
JPYINR 54.7700 261.513 billion for the week ended April 5, Reserve
Bank's weekly statistical supplement said today.
www.epicresearch.co +919752199966
6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
TUESDAY 7:15pm GBP CPI y/y 2.8% 2.8%
TUESDAY 2:00pm EUR German ZEW Economic 0.4% -1.5%
TUESDAY 5:45pm USD Building Permits 0.94M 0.94M
TUESDAY 6:00pm USD Core CPI m/m 0.2% 0.2%
THURSDAY 8:30am USD Unemployment Claims 347K 346K
THURSDAY 10:00am USD Philly Fed Manufacturing Index 3.1 2.0
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any
responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts
have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that
we consider reliable. This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually
tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and
encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on
the information given in this report, which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all
estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks
recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views
expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading
of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.We,
however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an
invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to
forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by
them. If found so then Serious Legal Actions can be taken.
www.epicresearch.co +919752199966
