DAILY FOREX REPORT

RESEARCH VIA
10/6/2013

www.researchvia.com

9977785000

MARKET HEADLINES

Rupee weakens past 57/dollar, closes in on record low

The rupee weakened below 57 to the dollar on Friday to approach a record low hit about a year ago, reflecting caution ahead of the U.S. monthly jobs data and falls in most emerging market currencies. The rupee was trading at 57.06/07 to the dollar at 0809 GMT, marking its lowest level since late June 2012, when the currency hit a record low of 57.32. The rupee closed at 56.84/85 on Thursday.

Yuan flat even as midpoint at new peak, market finds equilibrium

The yuan was flat on Friday even as the central bank set the official guidance rate at an all-time high after the dollar plunged in overnight trade. The dollar index, which tracks the dollar's value against a basket of currencies, hit 81.077 in overnight trade, its lowest level since late February, as markets awaited US jobs data. The People's Bank of China (PBOC) set the midpoint at 6.1620 on Friday morning, up 0.19 per cent from Thursday and a new high. But spot yuan declined to follow the midpoint and stayed relatively flat, changing hands at 6.1355 per dollar at midday, up only 0.01 per cent from Thursday's close.

Aussie, kiwi dollars pressured by weak stocks, bonds rally

The Australian and New Zealand dollars fell near multi-month lows on Friday as Asian equities took a beating in a tense market ahead of key US labour data. The Aussie slipped 0.8 per cent on the day to $0.9485, pulling closer to a 20-month low of $0.9427 hit on Thursday. It looked set to end the week lower for the fifth consecutive time, showing a decline of around 1 per cent.

DAILY MARKET STATISTICS

CURRENCY
EURINR EURINR EURINR GBPINR GBPINR JPYINR JPYINR USDINR USDINR USDINR

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

OPEN
75.1125 75.6300 76.2250 88.6000 88.9550 58.0000 59.0025 56.9000 57.2200 57.4375

HIGH
75.9475 76.3100 76.4950 89.2250 89.5000 59.9725 60.2150 57.3275 57.5850 57.8100

LOW
75.1125 75.5700 75.6200 88.5750 88.8775 57.6500 58.8000 56.8650 57.1275 57.3750

CLOSE
75.8675 76.1875 76.4900 89.0775 89.4225 59.8475 60.1075 57.2525 57.5125 57.7500

RBI REFERENCE RATE (As on 7TH JUNE 2013)

UNDERLYING USDINR EURINR GBPINR JPYINR RATE 56.7445 75.2033 88.328 58.8800

USDINR DAILY ANALYSIS

PIVOT POINTS
S1-56.9692 S2-56.6858 PP-57.1483 R1-57.4317 R2-57.6108

EURINR DAILY ANALYSIS

PIVOT POINTS S1- 75.3375 S2-74.8075 PP-75.6425 R1-76.1725 R2-76.4775

GBPINR DAILY ANALYSIS

PIVOT POINTS

S1-88.6933 S2-88.3092 PP-88.9592 R1-89.3433 R2-89.6092

54.9950

JPYINR DAILY ANALYSIS

PIVOT POINTS

S1- 58.3408 S2- 56.8342 PP-59.1567 R1- 60.6633 R2- 61.4792

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.