Indian rupee report for exporters and importers for 18th July 2012

Insignia Consultants

New Delhi

www.insigniaconsultants.in

 

Wednesday, July 18, 2012

 

 TIME 12:39 PM IST                          

 

 --------------------------------------------------------------------------------------------------------------------------------

INDIAN RUPEE REPORT FOR EXPORTERS AND IMPORTERS

 

DAILY TECHNICAL ANALYSIS
	LTP	% CHG	50 DAY MA	100 DAY MA	200 DAY MA
USD/INR
SPOT	55.2550	0.41	55.4062	53.3501	52.0032
1 MTH	34.75	-2.11	34.69	36.50	34.35
2 MTH	67.00	-0.37	66.79	69.51	64.93
3 MTH	98.50	3.41	96.57	99.46	91.89
6 MTH	179.25	1.27	168.99	175.81	160.76
9 MTH	253.00	2.64	233.98	242.59	218.23
12 MTH	318.25	2	298.69	305.45	269.28

 

There is huge expectation that the Indian economy will be further opened up once the presidential elections are over next week. This has resulted in steady range bound trade. Importers are covering their near term payables below 55.00 which has resulted in rupee trading over 55.00. Rupee should trades in 54.80-55.60 till tomorrow. Near term forwards should rise while far dated forwards should remain flat.

 

 

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice.

NOTES TO THE ABOVE REPORT

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

ALL PRICES IN INDIAN RUPEES UNLESS OTHERWISE SPECIFIED

 

 

Customer care: 9311139549/9911136910 (Mr.Manan)

You can also mail your queries at insigniacommodity@gmail.com

Chat Id: mcxsuretips@gmail.com (gtalk), insigniaconsultants@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)