|
|
|
|
|
India Infoline Research/
09:09 , Feb 01, 2013
|
|
|
Dollar/rupee rebounded in afternoon trades on demand for the greenback from oil importers to meet their month-end requirements and as euro slipped from recent highs
|
|
|
|
|
|
|
Fundamental View
USD-INR
Dollar/rupee opened at fresh 14-week low Thursday tracking greenback's weakness against major peers after US Federal Reserve decided to continue with bond purchases to reduce unemployment and boost growth
Dollar/rupee rebounded in afternoon trades on demand for the greenback from oil importers to meet their month-end requirements and as euro slipped from recent highs
Dollar/rupee fell in late afternoon trades Thursday on corporate and foreign banks selling
Cross-currencies
Euro/dollar fell Thursday on profit booking after it jumped to 14-month high after US Federal Reserve decided to continue with bond purchases to reduce unemployment and boost growth
Bank of Japan Deputy Gov. Hirohide Yamaguchi suggested Thursday the possibility of additional monetary easing, pledging to take bold steps if needed to bring an end to deflation and stimulate the economy.
MCX-SX
| Forex |
High |
Low |
Close |
% Chg |
OI |
| USD Feb |
53.5850 |
53.2550 |
53.3925 |
(0.27) |
788,597 |
| USD Mar |
53.8475 |
53.5175 |
53.6575 |
(0.25) |
204,562 |
| EUR Feb |
72.6500 |
72.2250 |
72.2775 |
(0.39) |
44,112 |
| EUR Mar |
72.8500 |
72.5125 |
72.5550 |
(0.38) |
9,562 |
| JPY Feb |
59.0700 |
58.6400 |
58.7175 |
0.03 |
26,021 |
| JPY Mar |
59.3025 |
58.9150 |
58.9875 |
0.01 |
826 |
| GBP Feb |
84.7800 |
84.1150 |
84.2750 |
(0.09) |
8,113 |
| GBP Mar |
85.0425 |
84.4500 |
84.5800 |
(0.13) |
1,236 |
|
|
|
|
|
|
| NSE FX |
| Forex |
High |
Low |
Close |
% Chg |
OI |
| USD Feb |
53.5875 |
53.2525 |
53.3975 |
(0.25) |
1,744,935 |
| USD Mar |
53.8500 |
53.5200 |
53.6650 |
(0.25) |
391,641 |
| EUR Feb |
72.5800 |
72.2200 |
72.2750 |
(0.40) |
68,460 |
| EUR Mar |
72.8500 |
72.5125 |
72.5400 |
(0.44) |
11,597 |
| JPY Feb |
59.0675 |
58.6475 |
58.7225 |
0.04 |
23,250 |
| JPY Mar |
59.3200 |
58.9200 |
58.9875 |
0.04 |
1,312 |
| GBP Feb |
84.7850 |
84.1100 |
84.2725 |
(0.11) |
10,181 |
| GBP Mar |
85.0600 |
84.4225 |
84.5900 |
(0.12) |
2,320 |
|
|
|
|
|
|
|
|
|
|
|
| Spot Rates |
| Forex |
High |
Low |
Close |
% Chg |
| EUR-USD |
1.3594 |
1.3541 |
1.3579 |
0.09 |
| GBP-USD |
1.5875 |
1.5775 |
1.5857 |
0.35 |
| USD-JPY |
91.7800 |
90.7500 |
91.7100 |
0.69 |
| DOLLAR INDEX |
79.3690 |
79.1330 |
79.2070 |
(0.09) |
|
|
|
|
|
| RBI Reference rates |
| Forex |
Rate(INR) |
Pr Close |
% Chg |
| USD-INR |
53.3 |
53.6 |
(0.5) |
| EUR-INR |
72.2 |
72.2 |
(0.0) |
| GBP-INR |
84.2 |
84.4 |
(0.2) |
| JPY-INR |
58.7 |
59.0 |
(0.5) |
|
|
|
|
|
| Equity Indices |
| |
Close |
Pr Close |
% Chg |
| Nifty |
6,045.7 |
6,034.8 |
(0.4) |
| Sensex |
19,987.3 |
19,895.0 |
(0.6) |
| Dow Jones |
13,910.4 |
13,860.6 |
(0.4) |
| FTSE |
6,323.1 |
6,276.9 |
(0.7) |
|
|
|
|
|
| Benchmark Rates |
| |
Close |
|
|
| MIBOR (%) |
7.85 |
|
|
| LIBOR (%) |
0.30 |
|
|
| Call rates (%) |
7.75 |
|
|
| Forex reserves (US$bn) |
295.67 |
|
|
Technical View
USD-INR SPOT RATE
Prices have support at 52.65 and resistance at 53.40
NSE USD-INR FUTURE
Prices have support at 52.85 and resistance at 53.65
EUR-USD (1.3608): Prices have support at 1.35 and resistance at 1.3765.
US Dollar Index (79.13): Prices have support at 78.35 and resistance level at 80.
INR Currency Future view
EUR-INR (Close: 72.53): Prices have support at 71.80 and resistance at 73.
GBP-INR (Close: 84.50): Prices have support at 83.85 and resistance at 84.80.
JPY-INR (Close: 57.93): Prices have support at 57 and resistance at 59.
Pivot table
| |
NSE Levels |
| Forex |
R3 |
R2 |
R1 |
Pivot |
S1 |
S2 |
S3 |
| USD-INR |
53.8775 |
53.7325 |
53.5425 |
53.3975 |
53.2075 |
53.0625 |
52.8725 |
| EUR-INR |
72.6900 |
72.6350 |
72.3300 |
72.2750 |
71.9700 |
71.9150 |
71.6100 |
| JPY-INR |
59.2175 |
59.1425 |
58.7975 |
58.7225 |
58.3775 |
58.3025 |
57.9575 |
| GBP-INR |
85.1100 |
84.9475 |
84.4350 |
84.2725 |
83.7600 |
83.5975 |
83.0850 |
| EUR-USD |
1.3670 |
1.3632 |
1.3617 |
1.3579 |
1.3564 |
1.3526 |
1.3511 |
| GBP-USD |
1.6039 |
1.5957 |
1.5939 |
1.5857 |
1.5839 |
1.5757 |
1.5739 |
| USD-JPY |
93.7000 |
92.7400 |
92.6700 |
91.7100 |
91.6400 |
90.6800 |
90.6100 |
Important data to watch
| Date |
Country / Currency |
Event |
IST |
Actual |
Cons. |
Previous |
| 31-Jan |
USD |
Unemployment Claims |
7:00pm |
368K |
362K |
330K |
| 1-Feb |
USD |
Non-Farm Employment Change |
7:00pm |
|
161K |
155K |
|
|
|
|
|
|
|
|
Source: India Infoline Research
|
|
|
|
|
|
|
|
|
|
|
|
| Thank you for the rating. |
|
|
|
|
|
|