1. S
DAILY FOREX REPORT
21ST MARCH 2013
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2. HEADLINES
Rupee down 3 paise vs US dollar in late morning
deals
Paring most of early losses, the rupee was quoting down
by three paise at 54.40 in the late morning deals today due
to persistent dollar demand from importers amid weak
local equity market, following withdrawal of support by
DMK to the Congress-led UPA government. The local
currency resumed lower at 54.54 per dollar as against the
last closing level of 54.37 per dollar at the Interbank
Foreign Exchange (Forex) Market and moved down
further to 54.56 per dollar before quoting at 54.40 per
dollar at 1040 hrs. It moved in a range of 54.37 and 54.56
TRADING TIPS during the morning deals. In New York, the euro slipped
below 1.29 against the dollar yesterday following reports
SELL USD/INR
that the parliament in Cyprus voted against a
ABOVE 54.35 controversial plan to tax bank deposits as part of a bailout
FOR TGT package.
54.20/54.05
SL 54.55 REFERENCE RATE
PAST As on 20th March 2013
PERFORMANCE
BUY USD/INR UNDERLYING RATE
USDINR 54.3780
ABOVE 54.50
EURINR 70.0365
FOR TGT
54.65/54.80 GBPINR 82.0700
SL 54.30 JPYINR 57.2200
TARGET ACHIEVED
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
1:30pm EUR French Flash 44.4 43.9
Manufacturing PMI
6:00pm USD Unemployment Claims 343K 332K
7:30pm USD Existing Home Sales 5.02M 4.92M
7:30pm USD Philly Fed Manufacturing -1.6 -12.5
Index
8:30pm USD IBD/TIPP Economic 46.3 47.3
Optimism
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