2. HEADLINES
Rupee trims initial gains vs dollar, still up 15
paise
In line with equity market, the rupee trimmed its earlier
gains but was still quoted up by 15 paise at 54.17 per
dollar on mild selling of the American currency from
banks amid persistent foreign capital inflows in stock
market. The rupee resumed higher at 54.15 per dollar as
against the last closing level of 54.32 at the Interbank
Foreign Exchange (Forex) Market and moved up further
to a high of 54.10. However, it failed to maintain earlier
gains and was quoted at 54.17 per dollar at 1050 hrs. It
hovered in a range of 54.10 and 54.23 per dollar during
the morning deals.
TRADING TIPS
Rupee opens at 54.17 per dollar
BUY USD/INR
The Indian rupee opened at 54.17 per dollar versus
ABOVE 54.62 54.32 yesterday.sharad Pawaar, SPFX India said, "The
FOR TGT rupee may gain marginally amid mixed global cues.
54.77/54.92 Positive sentiment in domestic equity markets is likely
SL 54.42 to support the currency. The range for the day is seen
PAST between 54.10-54.45/USD."
PERFORMANCE RBI REFERENCE RATE
BUY EUR/INR
As on 13TH December 2012
ABOVE 70.97
FOR TGT UNDERLYING RATE
71.12/71.27 USDINR 54.2320
SL 70.77 EURINR 70.9440
TARGET ACHIEVED GBPINR 87.5304
JPYINR 64.8600
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
2:00pm EUR German Flash 47.1 46.8
Manufacturing PMI
7:00pm USD Core CPI m/m 0.2% 0.2%
7:30pm USD Flash Manufacturing PMI 52.6 52.8
7:45pm USD Capacity Utilization Rate 77.9% 77.8%
7:45pm USD Industrial Production 0.3% -0.4%
m/m
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