Daily Forex Report By www.epicresearch.co - 26 November 2012

HEADLINES: RBI likely sold dollars around Rs 55.50: Dealers The Reserve Bank of India likely sold dollars via state- run lenders as the rupee slid to a more than two-month low below 55.50

Indore, India (prHWY.com) November 26, 2012 - Daily Forex Report by www.epicresearch.co - 26 NOVEMBER 2012

HEADLINES:
RBI likely sold dollars around Rs 55.50:
Dealers
The Reserve Bank of India likely sold dollars via state-
run lenders as the rupee slid to a more than two-month
low below 55.50, four traders said on Friday."They seem
to have been there in small amounts starting 55.50," the
head of forex and debt trading at a private bank said,
referring to the Reserve Bank of India. Two other state-
run bank dealers and one foreign bank dealer also
confirmed spotting large selling by state-run banks
starting at 55.50.At 1:03 p.m. (0733 GMT), the partially
convertible rupee was at 55.34/35 to the dollar, after
hitting 55.53, its weakest since Sept. 11.

TRADING TIPS
SELL EUR/INR
BELOW 71.66
FOR TGT
71.46/71.26
SL 71.86
PAST PERFORMANCE
BUY USD/INR
ABOVE 55.27
FOR TGT
55.47/55.67
SL 55.07
TARGET ACHIEVED
DAILY USD/INR ANALYSIS:
OPEN: 55.2125
HIGH: 55.6175
LOW: 55.1725
CLOSE: 55.5875
ï‚· USD/INR LOOKS SIDEWAYS
ï‚· TREND: CONSOLIDATED
ï‚· STRATEGY: BUY ON DIPS
DAILY EUR/INR ANALYSIS:
OPEN: 71.0125
HIGH: 71.6925
LOW: 71.0125
CLOSE: 71.6625
ï‚· EUR/INR LOOKS SIDEWAYS
ï‚· TREND: CONSOLIDATED
ï‚· STRATEGY: BUY ON DIPS
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