DAILY FOREX REPORT

RESEARCH VIA
11/7/2013

www.researchvia.com

9977785000

MARKET HEADLINES

Rupee up 13 paise vs dollar in early trade on RBI steps

The rupee today rose by 13 paise to 60.01 against the US dollar in early trade at the Interbank Foreign Exchange market after the RBI took steps to curb volatility in the currency. The rupee had ended 47 paise higher at 60.14 against the US currency in the previous session. Meanwhile, the BSE benchmark index Sensex rose by 49.65 points, or 0.26 per cent, to 19,489.13 in early today.

Yuan slides on falling exports, ignores PBOC guidance

China's yuan sank against the dollar on Wednesday as unexpectedly poor trade data for June sparked worries over the health of the world's second-largest economy.The yuan's decline was all the more notable as the central bank had set a stronger midpoint for the currency's daily trading band with the dollar.Spot yuan was trading at 6.1359 against the dollar at midday, down 0.1 per cent from Tuesday's close of 6.1295 even though the People's Bank of China set the midpointat 6.1652, a sharp rise of 0.13 per cent from Tuesday. Chinese exports fell by 3.1 per cent in June from a year earlier, official data published on Wednesday showed, the first decline since January 2012, shocking a market that had previously expected a 4.0 per cent rise.

Dollar down vs yen on Bernanke loom

stops; Fed minutes,

The dollar fell against the yen on Wednesday on position squaring, with the near-term focus on whether the minutes of the Federal Reserve's June meeting and a speech by Chairman Ben Bernanke will give fresh ammunition to dollar bulls. The dollar slipped 0.6 per cent to 100.59 yen, pulling away from a sixweek high of 101.54 yen set on Monday on trading platform EBS.

DAILY MARKET STATISTICS

CURRENCY
EURINR EURINR EURINR GBPINR GBPINR JPYINR JPYINR USDINR USDINR USDINR

EXPIRY
29-Jul-13 28-Aug-13 26-Sep-13 29-Jul-13 28-Aug-13 29-Jul-13 28-Aug-13 29-Jul-13 28-Aug-13 26-Sep-13

OPEN
77.2500 77.3425 77.8950 89.7125 89.9250 59.7900 59.9125 60.4350 60.5650 60.8200

HIGH
77.3050 77.5975 77.8950 89.8900 90.1325 60.3900 60.6125 60.4350 60.6350 60.8900

LOW
76.8350 77.1250 77.0050 89.3400 89.6000 59.6300 59.9000 59.8850 60.1325 60.3350

CLOSE
76.9150 77.1800 77.2000 89.4075 89.6300 59.9525 60.1725 59.9450 60.1825 60.3725

RBI REFERENCE RATE (As on 10TH JUNE 2013)

UNDERLYING USDINR EURINR GBPINR JPYINR RATE 60.1330 76.8915 89.5200 59.7600

USDINR DAILY ANALYSIS

PIVOT POINTS
S1-59.7417 S2-59.5383 PP-60.0883 R1-60.2917 R2-60.6383

EURINR DAILY ANALYSIS

PIVOT POINTS S1- 76.7317 S2-76.5483 PP-77.0183 R1-77.2017 R2-77.4883

GBPINR DAILY ANALYSIS

PIVOT POINTS

S1-89.2017 S2-88.9958 PP-89.5458 R1-89.7517 R2-90.0958

54.9950

JPYINR DAILY ANALYSIS

PIVOT POINTS

S1- 59.5917 S2- 59.2308 PP-59.9908 R1- 60.3517 R2- 60.7508

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.