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2. HEADLINES
Rupee drops by 29 paise vs dollar in late
morning trade
The rupee dropped by 29 paise to 54.49 against the US
currency in late morning trade on fresh dollar demand
from banks and importers on the back of higher dollar
in the overseas market. The rupee resumed lower at
54.55 per dollar as against the last closing level of 54.20
per dollar at the Interbank Foreign Exchange (Forex)
Market. It dropped further to 54.67 per dollar before
quoting at 54.49 per dollar at 1040hrs.Renewed
TRADING TIPS demand from banks and importers in view of firm
dollar in the overseas market mainly affected the rupee
SELL USD/INR value against the dollar, a forex dealer said. In New
BELOW 54.60 York market, the dollar rose to a two-month high
FOR TGT against a basket of major currencies yesterday as fears
54.40/54.20 about going over the so-called fiscal cliff sunk US equity
SL 54.80 markets in the wake of President Barack Obama's
election to a second term.
PAST
RBI REFERENCE RATE
PERFORMANCE
As on 8TH November 2012
SELL EUR/INR
BELOW 69.65 UNDERLYING RATE
FOR TGT USDINR 54.4403
69.45/69.25
EURINR 69.4755
SL 69.85
GBPINR 87.0010
Target Achieved
JPYINR 68.1200
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
1:15pm EUR French Industrial -0.9% 1.5%
Production m/m
2:30pm EUR Italian Industrial -1.4% 1.7%
Production m/m
7:00pm USD Import Prices m/m 0.0% 1.1%
8:25pm USD Prelim UoM Consumer 82.6 82.6
Sentiment
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