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2. HEADLINES
Rupee breaches 55-level against dollar; down
19 paise
The rupee lost 19 paise to hit a fresh two-month low of
55.07 against the US dollar in early trade today at the
Interbank Foreign Exchange market on continued
demand for the American currency from importers.
Forex dealers attributed the decline in rupee's value for
the fourth trading day in a row to weakness in local
equities amid fresh capital outflows. The BSE
benchmark Sensex fell by 167.54 points, or 0.90 per
TRADING TIPS cent, to 18,451.33 in early trade. The rupee lost 13 paise
to close at a two-month low of 54.88 against the US
SELL EUR/INR dollar in the previous session on Monday.
BELOW 70.07
FOR TGT
69.87/69.67
RBI REFERENCE RATE
SL 70.27
As on 15TH November 2012
PAST
UNDERLYING RATE
PERFORMANCE
USDINR 54.9590
• BUY EUR/INR
EURINR 70.0345
ABOVE 70.00
GBPINR 87.1045
FOR TGT
70.15/70.30 JPYINR 68.0300
SL 69.80
Target Achieved
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
2:30pm EUR Current Account 9.2B 8.8B
7:30pm USD TIC Long-Term Purchases 75.0B 90.0B
7:45pm USD Capacity Utilization Rate 78.4% 78.3%
7:45pm USD Industrial Production 0.3% 0.4%
m/m
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