Research Via is a leading financial services provider with presence in Indian and other global capital markets. Research Via Indore provide stock futures tips, bullion tips, mcx commodity tips, ncdex tips, international forex tips
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Forex report 16 april 2013
1. DAILY FOREX
REPORT
RESEARCH VIA
4/16/2013
www.researchvia.com 9977785000
2. MARKET HEADLINES
Rupee off day's low as March inflation surprises
In Forex Market the rupee is trading stronger at 54.58/59 versus its
previous close of 54.52/53, but off the day's low of 54.7950 after
March inflation data surprised on the downside.
The Wholesale price index (WPI) rose a slower-than-expected 5.96 per
cent in March, the lowest rate in more than three years, government
data showed on Monday.
Domestic shares are trading up 0.7 per cent after inflation data also
hurting the dollar.
An upward revision in the January inflation data, however, preventing
a further fall in the dollar/rupee, traders say.
Yuan closes at fresh record high as dollar sags
The Chinese yuan set yet another record against the dollar on
Monday, overturning Friday's all-time high, as the greenback
continued to back off from a peak struck in mid-March.
The central bank set the official midpoint at 6.2454 per dollar on
Monday morning, its highest level since the domestic forex market
opened in 1994. This gave the spot yuan range to close at a new high of
6.1871. Trading volume was average at slightly more than $12 billion,
but the exchange rate moved within a tight range between 6.1889 and
6.1860 per dollar.
Swiss franc down against yen on US caution to
Japan
The Swiss franc fell with the dollar against the yen on Monday after
the US Treasury Department said it was watching Japan's policies to
make sure they were not aimed at weakening its currency.
The franc fell 0.6 per cent against the yen to trade at 105.33 by 0628
GMT compared to Friday's New York close, while the Swissie was off
0.4 per cent against the greenback at 0.931.
8. 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.