1. USD INR: DAILY UPDATE
15th January 2014
SWASTIKA INTELLIGENCE GROUP
OUTLOOK FOR TODAY: USD INR
ting
We expect the rupee to trade on a neutral to positive note
against the dollar taking cues from positive global and
domestic market sentiments and positive CPI data from India.
However, positive economic data from USA and moderately
strengthening dollar index will cap sharp gains in the rupee.
Technical Outlook: As seen on the daily chart, USDINR has
breached a crucial upward sloping trend line support. It is
likely that the counter will head further downwards and
61.06 is a crucial support. Momentum indicators on the daily
chart are also negatively biased.
IMPORTANT ECONOMIC DATA TODAY
Currency
Time
Event
USD
7:00 PM
USD
7:00 PM
GBP
7:45 PM
PPI & Core PPI m/m
Empire State Manufacturing
Index
BOE Gov Carney’s Speech
USD
9:00 PM
Crude Oil Inventories
MARKET OVERVIEW
Rupee gained 0.72 percent against the dollar on Monday and
closed at 61.60 in futures. The spot rate is currently at 61.52.
KEY STATISTICS: 14th January 2013
RBI REFERENCE RATES: ALL CURRENCIES
FIIs sold securities worth Rs. 547.82 crores in the Indian
equity markets on Tuesday.
Currency
Rate
Previous close
%
Change
USD INR
61.5200
61.9360
-0.67
Dollar index is comparatively stronger from the previous day
trading at 80.8370 currently, up about 0.22 percent.
GBP INR
101.4772
102.0643
-0.58
EUR INR
84.1110
84.3050
-0.23
JPY INR
59.4900
59.0100
0.81
India's retail inflation in December eased to a three-month
low as vegetable prices fell. Retail prices rose an annual 9.87
percent last month. The moderation was largely driven by a
fall in vegetable prices, which cooled nearly 19 percent from
November on improved supplies. That helped slow down
annual food inflation to 12.16 percent last month from 14.72
percent in November.
Core retail Sales grew at 0.7 percent in December up from 0.1
percent last month and retail sales grew at 0.2 percent in line
with expectations.
U.S. overall import prices were basically flat in December
after months of declines. From a year earlier, the prices of all
goods and services imported into the U.S. were down 1.3% in
December.
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ONLINE TRADE: USD INR
Instrument
Turnover (Cr)
Open Interest
Futures
5097.52
796190
Options
2223.69
466354
Total
7321.21
1262544

2. USD INR: DAILY UPDATE
15th January 2014
SWASTIKA INTELLIGENCE GROUP
CURRENCY TRACKER: 15th January 2013
CURRENCY
CONTRACT
S2
S1
USDINR
January
61.2500
61.4400
EURINR
January
83.6800
GBPINR
January
JPYINR
January
R1
R2
TREND
61.6300
61.8500
62.0000
Sideways to Bearish
83.9400
84.1975
84.4700
84.7600
Sideways to Bearish
100.7000
101.0500
101.3925
101.7700
102.0000
Sideways to Bearish
59.0600
Report Prepared by
LTP
59.3800
59.6550
59.8700
60.1500
Sideways to Bearish
Designation
E-mail ID
Sonakshi Bahety
Research Associate
sonakshi.bahety@swastika.co.in
RESEARCH TEAM
Santosh Sahu
Santosh Meena
Amit Khare
Vishnu Shreekar
Saloni Gupta
SWASTIKA INTELLIGENCE GROUP
Research Head
Derivatives & Technical Analyst
Commodity Analyst
Commodity Analyst
Research Associate
research@swastika.co.in
santosh.sahu@swastika.co.in
santosh.meena@swastika.co.in
amit.khare@swastika.co.in
vishnu.shreekar@swastika.co.in
salony.gupta@swastika.co.in
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