2. HEADLINES
Rupee falls as RBI leaves repo rate
unchanged
The rupee fell 8 paise to 54.16 against the US dollar
after the Reserve Bank of India left repo rate
unchanged in its half-yearly monetary policy. Rupee
appreciated 26 paise in early trade to 53.86 after
opening at 54.10 it fell to 54.16, traders said."Market
was expecting a rate cut which did not happen," said a
senior executive of a large public sector bank. "Falling
rupee is a knee jerk reaction but rupee will remain
TRADING TIPS
weak at this level given RBI's concern about inflation
BUY USD/INR and growth."Today RBI left interest rates unchanged
ABOVE 54.30 in its policy review today but cut the cash reserve ratio
for banks by 25 basis points to 4.25%. The reduction
FOR TGT
in the CRR is expected to release Rs 17,500 crore into
54.50/54.70
the banking system.RBI has revised the projection of
SL 54.10
GDP growth downward to 5.8% for 2012-13 and
headline inflation has been raised to 7.5% from 7% as
PAST indicated in July.
PERFORMANCE
BUY EUR/INR RBI REFERENCE RATE
ABOVE 69.53 As on 30TH October 2012
FOR TGT
69.73/69.93 UNDERLYING RATE
SL 69.33 USDINR 54.1650
Target Achieved EURINR 69.8495
GBPINR 86.8319
JPYINR 68.2200
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
2:30pm EUR Italian Monthly 10.8% 10.7%
Unemployment Rate
All Day EUR Eurogroup Meetings 0.5%
7:15pm USD Chicago PMI 51.0 49.7
8:00pm USD Crude Oil Inventories 1.6M 5.9M
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