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2. HEADLINES
Rupee trims initial gains vs dollar, still up by 9
paise
The rupee trimmed its initial gains against the
American currency but was still quoted up by 9 paise to
54.76 per dollar in the late morning trade on mild
selling of dollars by banks and exporters ahead of the
Reserve Bank's mid-quarter monetary policy review
meeting. The rupee resumed higher at 54.70 per dollar
as against the last closing level of 54.85 per dollar at the
Interbank Foreign Exchange ( Forex) Market on selling
of dollars by banks in view of persistent foreign capital
inflows into equity market. However, it trimmed its
initial gains and was quoted at 54.76 per dollar at 1040
TRADING TIPS hrs on renewed dollar demand from banks on the back
of higher dollar in overseas market. It moved in a range
BUY USD/INR
of 54.70 per dollar and 54.81 per dollar during the
ABOVE 54.05 morning trade
FOR TGT
54.20/54.35
SL 53.90
PAST
PERFORMANCE REFERENCE RATE
BUY USD/INR As on 18TH December 2012
ABOVE 54.95
UNDERLYING RATE
FOR TGT 55.10
USDINR 54.8490
SL 54.80
TARGET ACHIEVED EURINR 72.2440
GBPINR 88.9267
JPYINR 65.3100
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
2:30pm EUR German Ifo Business 101.9 101.4
Climate
3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9
7:00pm USD Building Permits 0.87M 0.87M
7:00pm USD Housing Starts 0.87M 0.89M
9:00pm USD Crude Oil Inventories -0.9M 0.8M
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