The rupee fell against the dollar due to increased demand from oil importers and weakness in global shares. It dropped 12 paise to 54.67 in early trading due to oil demand and a weaker opening in the equity market. The daily forex report provides analysis of currency movements and trading recommendations, noting the USD/INR pair looks upward trending and advising to buy on dips. Key data points and charts of currency pairs against the dollar are also included.

1. DAILY FOREX REPORT
24TH DECEMBER 2012
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2.  HEADLINES
 Rupee extends losses on oil demand; weak shares
The rupee extended losses to 54.84/85 versus its previous
close of 54.55/56 on the back of dollar demand from oil
firms and also helped by weak domestic shares. A broad
risk-off mood globally also aided the dollar, traders said.
Asian shares retreated from near 17-month highs and
commodities fall as negotiations to avert a US fiscal
crunch turns to personal taunts, putting at risk a timely
solution as well as the health of the world's largest
economy.
 Rupee down 12 paise against dollar in early
trade
 TRADING TIPS
The rupee today fell by 12 paise to trade at 54.67 against
 BUY USD/INR the dollar in early trade at the Interbank Foreign
ABOVE 55.17 Exchange, due to increased demand for the American
FOR TGT currency from oil importers. Besides, euro and yen
55.32/55.47 weakness against the dollar overseas and a lower opening
in the equity market also put pressure on the local unit,
SL 55.02
forex dealers said. The rupee had gained 30 paise
 PAST
yesterday to close at 54.55 against the dollar on fresh
PERFORMANCE selling of the American currency by banks.
 SELL USD/INR
BELOW 54.90 REFERENCE RATE
FOR TGT As on 21ST December 2012
54.75/54.60
UNDERLYING RATE
SL 55.05
USDINR 55.0860
UNEXECUTED
EURINR 72.7730
GBPINR 89.5368
JPYINR 65.5000
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3. DAILY MARKET STATISTICS
PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
NAME CHANGE
Symbol Series/Expiry Unit Open High Low Close Prev. Close
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
EURINR 27-Dec-2012 1 EUR 72.6875 73.0850 72.6000 72.8075 72.7725
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
EURINR 29-Jan-2013 1 EUR 72.9100 73.3300 72.8900 73.0550 73.0150
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
GBPINR 27-Dec-2012 1 GBP 89.4800 89.8200 89.4500 89.5600 89.3025
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
GBPINR
PEPPER 29-Jan-2013 42300 GBP 4255589.8000
7/19/2012 1 42250 90.1100
42390 89.8000
42435 89.8625
45 89.5975
0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
JPYINR 27-Dec-2012 100 JPY 65.7125 65.8975 65.5500 65.6000 65.3700
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
JPYINR 29-Jan-2013 100 JPY 66.1550 66.1600 65.6775 65.8575 65.6300
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
USDINR
WHEAT 27-Dec-2012
7/19/2012 1USD 1282 55.0500
1251 1251 55.3425
1246 55.0125
1282 55.1700
36 54.9125
2.89
USDINR 29-Jan-2013 1 USD 55.2675 55.6050 55.2050 55.4375 55.1775
USDINR 26-Feb-2013 1 USD 55.5200 55.8675 55.5200 55.6975 55.4425
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4. DAILY USD/INR CHART
ANALYSIS
OPEN: 55.0225
HIGH: 55.3425
LOW: 55.0125
CLOSE: 55.1700
 USD/INR LOOKS UPWARDS
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
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5. DAILY EUR/INR CHART
ANALYSIS
OPEN: 72.6900
HIGH: 73.0850
LOW: 72.6000
CLOSE: 72.8075
 EUR/INR LOOKS UPWARDS
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
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