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Item Open High Low Close % Cng Net Cng Trend Market Update Gold $ Silver $ LME Alum. LME Copper LME Lead LME Nickel LME Zinc Crude $ Nat. Gas $ Precious Metals 1176.1 1179.8 1172.6 1178.0 0.2 2.7 15.64 15.75 15.56 15.70 0.4 0.1 Base Metal 1880.0 1889.0 1880.0 1887.5 0.2 4.5 6359.8 6375.0 6345.0 6356.0-0.1-4.5 1879.0 1879.0 1879.0 1879.0 0.5 10.0 15642.0 15642.0 15628.0 15640.0 0.1 15.0 2168.0 2174.0 2165.5 2170.3 0.3 6.3 Energy 57.76 58.50 55.20 55.20-3.33-1.90 3.17 3.19 3.15 3.18 0.0 1.2 The Bank of Japan turned more upbeat on the economy, the Monthly Report on Recent Economic and Financial Developments revealed. Japan's economy has continued to recover moderately as a trend as the effects of the decline in demandfollowingthesalestaxhikehavebeenwaningonthewhole,itsaid. The bank raised its assessment of exports and industrial production. Exports have shown signs of picking up compared to its last assessment of "more or less flat." Industrial production has started to bottom out. At the previous report, the bank said the weakness in industrial production remained with inventory adjustments. Looking forward, the bank said Japan's economy is expected to continue its moderate recovery trend and the effects of sales tax hike are set to dissipate. The BoJ last week maintained the annual pace of increase in the monetary base at about JPY 80 trillion. The bank expanded its stimulus last on October 31. Dollar Index Euro GB Pound Japan YEN Rus. Rouble Singapore Canadian Swissfranc RMB Currency 89.74 89.81 89.70 89.72-0.0200-0.0181 1.2227 1.2233 1.2217 1.2230 0.0200 0.0003 1.5583 1.5593 1.5570 1.5589 0.0400 0.0006 120.08 120.18 120.02 120.13 0.0500 0.0600 55.99 57.00 54.38 55.30-1.2400-0.6961 1.3186 1.3199 1.3181 1.3196 0.0800 0.0010 1.1636 1.1646 1.1610 1.1617-0.1400-0.0016 0.9840 0.9847 0.9830 0.9838-0.0200-0.0002 6.2212 6.2276 6.2212 6.2265 0.0900 0.0053 TIME ZONE DATA Forecast Previous 1:15pm EUR French Consumer Spending m/m 0.002-0.009 2:30pm EUR Italian Retail Sales m/m 0.002-0.001 7:00pm USD Core Durable Goods Orders m/m 0.011-0.011 7:00pm USD Final GDP q/q 0.043 0.039 7:00pm USD Durable Goods Orders m/m 0.03 0.03 7:00pm USD Final GDP Price Index q/q 0.014 0.014 7:30pm EUR Belgian NBB Business Climate -5.8-6.1 The U.K. budget deficit narrowed in November, yet a considerable improvement is required to meet the government's fiscal target for 2014/15. Public sector net borrowing excluding interventions declined by GBP 1.6 billion from last year to GBP 14.1 billion in November, the Office for National Statistics reported Friday. Economists had forecast the shortfall to total GBP 15.1 billion. During April to November, public sector net borrowing excluding public sector banks decreased GBP 0.5 billion to GBP 75.8 billion. Income tax related payments increased by 4.1 percent in November. Due to the slowdown in the housing market, stamp duties rose by a less-than-expected 5 percent. In the Autumn Statement, Chancellor George Osborne estimated borrowing to fall to GBP 91.3 billion in 2014/15 from about GBP 97.3 billion in 2013/14. Osborne is set to deliver the final budget of this parliament on March 18. Osborne has suffered a disappointing fiscal year 2014/15 so far with the shortfall up slightly from 2013/14, IHS Global Insight's Chief UK Economist Howard Archer said. 1
NSE-CUR USDINR Dec 2014 Rupee gained marginally as investors stayed on the sidelines in a holidayshortened Christmas week likely to see diminishing foreign fund flows. Foreign funds are usually light on their investments towards the year-end and prefer to start investing fresh funds only at the beginning of the New Year, leading to lower volumes in most markets globally. Both debt and foreign exchange markets saw significantly low volumes in India but sharp gains in the domestic share market helped the rupee edge up. The rupee could come under pressure on month-end demand from importers. For bonds, the movement in global crude oil prices will be crucial. The deficit reached nearly 90 percent of the full-year target between April and October, the first seven months of the current fiscal year. India's leading index, which measures the future economic activity, increased in November after declining in the previous month, figures from the Conference Board showed. The Conference Board leading index rose 1.2 percent in November, in contrast to a 1.0 percent fall in October. Out of the eight components, seven of them contributed positively to the index. Drastic reforms in labor markets, taxes and foreign domestic investment are still on the horizon. The partially convertible rupee closed at 63.24/25 per dollar, slightly stronger than its Friday close of 63.2950/3050. Technically market is under long liquidation as market has witnessed drop in open interest by -4.16% to settled at 1204280 while prices down - 0.0825 rupee, now USDINR is getting support at 63.12 and below same could see a test of 62.9475 level, And resistance is now likely to be seen at 63.5725, a move above could see prices testing 63.8525. OPEN HIGH LOW CLOSE % RE VOL OI R1 R2 R3 PP S1 S2 S3 63.68 63.68 63.23 63.34-0.13-0.08 693,052 1196356 63.61 63.87 64.06 63.42 63.15 62.96 62.70 Trading Ideas : # USDINR trading range for the day is 62.96-63.87. # Rupee gained marginally as investors stayed on the sidelines in a holiday-shortened Christmas week likely to see diminishing foreign fund flows. # Both debt and foreign exchange markets saw significantly low volumes in India but sharp gains in the domestic share market helped the rupee edge up. # The Conference Board leading index rose 1.2 percent in November, in contrast to a 1.0 percent fall in October. # RBI Reference Rate for USDINR was 63.1757 vs 63.1757. # BUY USDINR ABV 63.35 SL 63.18 TGT 63.48-63.62-63.74. 2
NSE-CUR EURINR Dec 2014 Euro recovered from lows but gains remained limited by disappointing German import data and as demand for the greenback continued to be broadly supported. Official data showed that German import prices dropped 0.8% in November, compared to expectations for a 0.5% loss, after a 0.3% downtick in October. Speculation is high that the European Central Bank (ECB) will be forced to expand its asset-buying program to include sovereign debt in early 2015, at a time when the Federal Reserve is preparing to do the opposite and lift interest rates. ECB governing council member Luc Coene said that the bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone. His comments came as Vice President Vitor Constancio reiterated that the bank would, in early 2015, assess the effectiveness of measures it had already taken. Constancio said the ECB must act if inflation was too low to maintain its credibility and would need to use channels it had not tried before. In addition, the currency was dogged by uncertainties on Greece, which could face an early election if its parliament fails to elect a president with a three-fifths majority. Hourly wages in Italy rose for the second straight month in November, figures from the statistical office ISTAT showed. Technically market is under long liquidation as market has witnessed drop in open interest by -4.76% to settled at 32791 while prices down -0.16 rupee, now EURINR is getting support at 77.42 and below same could see a test of 77.2175 level, And resistance is now likely to be seen at 77.8025, a move above could see prices testing 77.9825. OPEN HIGH LOW CLOSE % RE VOL OI R1 R2 R3 PP S1 S2 S3 77.78 77.78 77.40 77.68-0.18-0.14 39,712 32709 77.84 78.00 78.22 77.62 77.46 77.24 77.08 Trading Ideas : # EURINR trading range for the day is 77.24-78. # Euro recovered from lows but gains remained limited by disappointing German import data. # Official data showed that German import prices dropped 0.8% in November, after a 0.3% downtick in October. # Hourly wages in Italy rose for the second straight month in November, figures from the statistical office ISTAT showed. # RBI Reference Rate for EURINR was 77.4155 vs 77.4155. # SELL EURINR @ 77.65 SL 77.85 TGT 77.42-77.18. 3
NSE-CUR GBPINR Dec 2014 GBP traded in the range ahead of the UK's third-quarter Gross Domestic Product data amid lack of any fresh triggers in the market. The U.K. budget deficit narrowed in November, yet a considerable improvement is required to meet the government's fiscal target for 2014/15. Public sector net borrowing excluding interventions declined by GBP 1.6 billion from last year to GBP 14.1 billion in November, the Office for National Statistics reported. During April to November, public sector net borrowing excluding public sector banks decreased GBP 0.5 billion to GBP 75.8 billion. Income tax related payments increased by 4.1 percent in November. Due to the slowdown in the housing market, stamp duties rose by a less-than-expected 5 percent. British retail sales growth accelerated at its fastest pace in almost 26 years in December largely driven by "Black Friday" price cuts, survey data from the Confederation of British Industry showed. About 71 percent of retailers said sales volume increased from a year ago, while 9 percent said sales were down, giving a balance of 61 percent, the Distributive Trades Survey revealed. This was the highest score since January 1988. Though sales are expected to rise more slowly in the year to January, robust growth is still anticipated resulting in the strongest growth in orders placed with suppliers for a year, it said. Technically market is under long liquidation as market has witnessed drop in open interest by -6.98% to settled at 18719, now GBPINR is getting support at 98.8 and below same could see a test of 98.6625 level, And resistance is now likely to be seen at 99.1375, a move above could see prices testing 99.3375. OPEN HIGH LOW CLOSE % RE VOL OI R2 R3 PP S1 S2 S3 99.19 99.20 98.86 98.92-0.27-0.27 39,612 18163 99.12 99.33 99.5 99.0 98.8 98.66 98.45 Trading Ideas : # GBPINR trading range for the day is 98.66-99.33. # GBP traded in the range ahead of the UK's third-quarter Gross Domestic Product data amid lack of any fresh triggers in the market. # The U.K. budget deficit narrowed in November, yet a considerable improvement is required to meet the government's fiscal target for 2014/15. # British retail sales growth accelerated at its fastest pace in almost 26 years in December largely driven by "Black Friday" price cuts # RBI Reference Rate for GBPINR was 98.851 vs 98.851. # SELL GBPINR BELOW 98.80 SL 99.05 TGT 98.62-98.45-98.20. 4
SPREAD MATRIX FOR USDINR SPREAD MATRIX FOR EURINR MONTH RATE DEC JAN FEB MONTH RATE DEC JAN FEB DEC 63.34 0.390 0.72 DEC 77.68 0.44 0.82 JAN 63.73 0.33 JAN 78.13-3.00 0.38 FEB 64.07 FEB 78.51-5.00 SPREAD MATRIX FOR GBPINR SPREAD MATRIX FOR JPYINR MONTH RATE DEC JAN FEB MONTH RATE DEC JAN FEB DEC 98.92 0.550 1.08 DEC 52.88 0.31 0.63 JAN 99.47-3.00 0.53 JAN 53.20 0.31 FEB 100.00-5.00 FEB 53.51 MAJOR CURRENCY CROSS RATES Last Trade INR U.S. $ Euro U.K. en RBI Reference Rate 1 INR = - 0.0158 0.0129 0.0101 1.8956 Date Last Previous 1 U.S. $ = 63.290-0.8174 0.6411 120.130 USD 63.176 63.176 1 Euro = 77.405 1.2230-0.7844 146.91 EURO 77.416 77.416 1 U.K. = 98.630 1.5589 1.2745-187.28 YEN 52.880 52.880 1 en = 0.5266 0.0083 0.6805 0.0053 - GBP 98.851 98.851 5
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