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DAILY FOREX
REPORT
RESEARCH VIA
5/21/2013
MARKET HEADLINES
 Rupee near 2-1/2 month low against dollar
The rupee was trading at 55.02/03 versus its close of 54.88/89 on
Friday, tracking weakness in the domestic share market and good
demand of dollar from importers.
Traders said good demand for the US currency from oil importers
and gold firms are weighing on the Indian currency.
Traders, however, expect the pair to face a stiff resistance around 55.15
levels, holding it in a broad range of 54.50 to 55.15 band in the near-
term.
Traders will continue to monitor domestic shares for cues on foreign
fund flows.
 Yuan ends up slightly as PBOC signals further
appreciation
China's yuan closed slightly higher on Monday after the central bank
surprised the market and fixed the official midpoint almost unchanged
despite a rally in the dollar.
Spot yuan ended at 6.1389 against the dollar from 6.1419 at Friday's
close after the People's Bank of China set the yuan's midpoint at
6.1998, almost flat from 6.1997 on Friday.
Barring a reverse in capital inflows, several traders said they now
forecast the yuan to appreciate to 6.0 against the dollar in coming
months compared with 6.2 which they had predicted in early April.
 Sterling falls versus dollar on talk of Federal
Reserve reducing stimulus
Sterling recovered from a six-week low against the dollar on Monday
as the US currency dipped after recent strong gains, but it was still
vulnerable to signs the US central bank may scale back monetary
stimulus.
Sterling was up 0.2 percent at $1.5202, off a low of $1.5158 hit on
Friday when the dollar gained after US Federal Reserve officials called
for the central bank to start tapering bond buying under its
quantitative easing programme.
DAILY MARKET STATISTICS
CURRENCY EXPIRY OPEN HIGH LOW CLOSE
EURINR 29-May-2013 70.8000 71.0075 70.7025 70.9850
EURINR 26-Jun-2013 71.1225 71.2800 70.9825 71.2575
EURINR 29-Jul-2013 71.2900 71.5000 71.2900 71.5000
GBPINR 29-May-2013 83.6000 83.9100 83.5200 83.8725
GBPINR 26-Jun-2013 84.0550 84.2200 83.9850 84.2000
JPYINR 29-May-2013 53.5250 53.9050 53.5250 53.8775
JPYINR 26-Jun-2013 53.9000 54.1400 53.9000 54.1200
USDINR 29-May-2013 55.1150 55.2350 55.0325 55.1900
USDINR 26-Jun-2013 55.3000 55.4475 55.2500 55.4025
USDINR 29-Jul-2013 55.6000 55.7050 55.5225 55.6700
RBI REFERENCE RATE
(As on 20TH
MAY 2013)
UNDERLYING RATE
USDINR 55.0368
EURINR 70.6835
GBPINR 83.6064
JPYINR 53.6000
USDINR DAILY ANALYSIS
 S1-55.0700
 S2-54.95000
 PP-55.1525
 R1-55.2725
 R2-55.3550
PIVOT POINTS
EURINR DAILY ANALYSIS
 S1- 70.9775
 S2-70.9700
 PP-70.9925
 R1-71.0000
 R2-71.0150
PIVOT POINTS
GBPINR DAILY ANALYSIS
 S1-83.6250
 S2-83.3775
 PP-83.7675
 R1-84.0150
 R2-84.1575
PIVOT POINTS
54.9950
JPYINR DAILY ANALYSIS
 S1- 53.6333
 S2- 53.3892
 PP-53.7692
 R1- 54.0133
 R2- 54.1492
PIVOT POINTS
DISCLAIMER
All data and reports at Research Via are only information services for subscribers and are not
individualized recommendations to buy or sell securities, nor offers to buy or sell securities.
Under any circumstances the subscription amount paid to Research Via are not refundable.
Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts
have been made to present the right investment perspective. The information contained herein is
based on analysis and on sources that we consider reliable. We, however, do not vouch for the
accuracy or the completeness thereof. This material is for personal information and we are not
responsible for any loss incurred due to it & take no responsibility whatsoever for any financial
profits or loss which may arise from the recommendations above.
This Website is for information purposes only. The information contained on this should not be
construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for the units
of the schemes of Research Via. Research Via is neither responsible nor liable for third party
content provided or content from any other aspect of any other Website, which may be accessed
from this Website. A possibility exists that the site could include inaccuracies or errors.
Additionally, a possibility exist that unauthorized additions, deletions or alterations could be
made by third parties to the site. Although Research Via attempts to ensure the integrity,
correctness and authenticity of the site, it makes no guarantees whatsoever as to its
completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please
inform Research Via so that it can be corrected.
Research Via and its owners/affiliates are not liable for damages caused by any performance,
failure of performance, error, omission, interruption, deletion, defect, delay in transmission or
operations, computer virus, communications line failure, and unauthorized access to the
personal accounts. Research Via is not responsible for any technical failure or malfunction of the
software or delays of any kind. We are also not responsible for non-receipt of registration details
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Forex report today 21 may 2013

  • 2. MARKET HEADLINES  Rupee near 2-1/2 month low against dollar The rupee was trading at 55.02/03 versus its close of 54.88/89 on Friday, tracking weakness in the domestic share market and good demand of dollar from importers. Traders said good demand for the US currency from oil importers and gold firms are weighing on the Indian currency. Traders, however, expect the pair to face a stiff resistance around 55.15 levels, holding it in a broad range of 54.50 to 55.15 band in the near- term. Traders will continue to monitor domestic shares for cues on foreign fund flows.  Yuan ends up slightly as PBOC signals further appreciation China's yuan closed slightly higher on Monday after the central bank surprised the market and fixed the official midpoint almost unchanged despite a rally in the dollar. Spot yuan ended at 6.1389 against the dollar from 6.1419 at Friday's close after the People's Bank of China set the yuan's midpoint at 6.1998, almost flat from 6.1997 on Friday. Barring a reverse in capital inflows, several traders said they now forecast the yuan to appreciate to 6.0 against the dollar in coming months compared with 6.2 which they had predicted in early April.  Sterling falls versus dollar on talk of Federal Reserve reducing stimulus Sterling recovered from a six-week low against the dollar on Monday as the US currency dipped after recent strong gains, but it was still vulnerable to signs the US central bank may scale back monetary stimulus. Sterling was up 0.2 percent at $1.5202, off a low of $1.5158 hit on Friday when the dollar gained after US Federal Reserve officials called for the central bank to start tapering bond buying under its quantitative easing programme.
  • 3. DAILY MARKET STATISTICS CURRENCY EXPIRY OPEN HIGH LOW CLOSE EURINR 29-May-2013 70.8000 71.0075 70.7025 70.9850 EURINR 26-Jun-2013 71.1225 71.2800 70.9825 71.2575 EURINR 29-Jul-2013 71.2900 71.5000 71.2900 71.5000 GBPINR 29-May-2013 83.6000 83.9100 83.5200 83.8725 GBPINR 26-Jun-2013 84.0550 84.2200 83.9850 84.2000 JPYINR 29-May-2013 53.5250 53.9050 53.5250 53.8775 JPYINR 26-Jun-2013 53.9000 54.1400 53.9000 54.1200 USDINR 29-May-2013 55.1150 55.2350 55.0325 55.1900 USDINR 26-Jun-2013 55.3000 55.4475 55.2500 55.4025 USDINR 29-Jul-2013 55.6000 55.7050 55.5225 55.6700 RBI REFERENCE RATE (As on 20TH MAY 2013) UNDERLYING RATE USDINR 55.0368 EURINR 70.6835 GBPINR 83.6064 JPYINR 53.6000
  • 4. USDINR DAILY ANALYSIS  S1-55.0700  S2-54.95000  PP-55.1525  R1-55.2725  R2-55.3550 PIVOT POINTS
  • 5. EURINR DAILY ANALYSIS  S1- 70.9775  S2-70.9700  PP-70.9925  R1-71.0000  R2-71.0150 PIVOT POINTS
  • 6. GBPINR DAILY ANALYSIS  S1-83.6250  S2-83.3775  PP-83.7675  R1-84.0150  R2-84.1575 PIVOT POINTS
  • 7. 54.9950 JPYINR DAILY ANALYSIS  S1- 53.6333  S2- 53.3892  PP-53.7692  R1- 54.0133  R2- 54.1492 PIVOT POINTS
  • 8. DISCLAIMER All data and reports at Research Via are only information services for subscribers and are not individualized recommendations to buy or sell securities, nor offers to buy or sell securities. Under any circumstances the subscription amount paid to Research Via are not refundable. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. This Website is for information purposes only. The information contained on this should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for the units of the schemes of Research Via. Research Via is neither responsible nor liable for third party content provided or content from any other aspect of any other Website, which may be accessed from this Website. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the site. Although Research Via attempts to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform Research Via so that it can be corrected. Research Via and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research Via is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails. Research Via is not responsible for the content of any of the linked sites. By providing access to other web-sites, Research Via is neither recommending nor endorsing the content available in the linked websites.