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2. HEADLINES
Heavy selling by oil firms caps rupee's fall:
The rupee fell to 55.82/83 from its 55.32/33 close on
Friday. The euro slid 1 per cent against the yen, hitting
its lowest level in more than 11-1/2 years on Monday,
pressured by fears that Spain may eventually need a full
sovereign bailout.
Yuan slumps to nine-month low on weak euro:
China's Yuan skidded to a nine-month low on Monday,
TRADING TIPS
yielding to pressure from a weak euro and month-end
Buy GBP/INR above dollar demand. The euro hit a 25-month low against
the dollar in early Asian trade, where it also hit a 12-
87.05 for targets of year trough against the yen.
87.17/87.30
Stop loss 86.90 RBI REFERENCE RATE
As on 23RD July 2012
PREVIOUS
UNDERLYING RATE
PERFORMANCE USDINR 55.7643
Sell USD/INR below EURINR 67.4328
55.30 for targets GBPINR 86.7971
JPYINR 71.4200
55.18/55.06
Stop loss 55.45
Not Executed
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6. FOREX FORTHCOMING INDEX
TIME CURRENCY DETAIL ACTUAL FORECAST PREVIOUS
12.30 P.M EUR French Flash Service PMI 47.7 47.9
1.00 P.M EUR German Flash Manufacturing PMI 50.1 49.9
6.15 P.M USD Fed Chairman Bernanke Speaks
6.30 P.M USD Flash Manufacturing PMI 52.4 52.5
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