March 26th, 2014

Currency Futures (NSE)

Currency

USDINR

EURINR

GBPINR

JPYINR

Expiry

APR

APR

APR

APR

Spot

60.4800

83.5410

99.9490

59.1200

Call

OI

3625

24328

28633

21629

50620

Open

61.3750

84.4325

100.7425

59.7250

High

61.3750

84.4600

100.7425

59.7275

Low

60.8725

84.0000

100.4000

59.4850

Strike Price

Close

60.9050

84.0900

100.4675

59.5450

% chg

-0.48%

-0.15%

-0.48%

-0.34%

Trade Sheet: --

OI

% Chg in OI

STBT USDINR at 60.51, SL 60.71, TGT

331826

14.20%

60.20

30674

15556

2386

Put

OI

23637

18513

19384

14545

43775

14.54%

1.43%

22.00%

Option Monitor

IV

12.00

5.90

8.20

14.59

22.66

% Chg in OI

493.29%

119.45%

79.57%

208.85%

1778.29%

Volume

2840

56397

48414

25667

9345

Premium

0.4200

0.0700

0.0025

0.0025

0.0050

Premium

0.0050

0.1200

0.5550

1.0500

1.5400

Volume

15166

48070

26144

7334

1086

% Chg in OI

491.22%

101.43%

205.36%

276.91%

2414.36%

61.5

9.4

9.2

9

8.8

8.6

8.4

8.2

8

3.1

3

2.9

2.8

2.7

2.6

2.5

2.4

62.00

61.50

61.00

60.50

Put

60.00

India

US (RHS)

FII Activity

IV

9.13

9.33

16.97

26.06

32.83

Action

BUY

SELL

NET

Days to Expriy

Rs. (Crs)

3889.48

2423.86

1465.62

$ (Mil)

630.79

393.10

237.69

32

60.00

60.50

61.00

61.50

62.00

10 Yr Bonds Yields

Open Interest Distribution

61

60.5

60

59.5

Call

59

Correlation Between Nifty v/s USDINR

6800

6700

6600

6500

6400

6300

Source: Reuters

0

20000

40000

60000

Source: Reuters

USDINR

Nifty

Market Snapshot

The rupee rose to its highest level in nearly eight months yesterday closing at 60.48 as continued foreign fund inflows into the domestic share market helped, while a breach of a key technical resistance added to the local unit's

momentum. It is expected that the rupee will continue to trade with an upward bias, helped by record high local shares with the upcoming national elections being the key focus point.

The euro slid against the dollar yesterday closing at 1.3820 after ECB governing council member and Bundesbank chief Jens Weidmann said that a negative deposit rate may ensure the euro remains in comfort zones. He also

added that, couldn't rule out fresh ECB purchases of loans and other assets to ward off deflation if necessary, indicating a softening of Germany's stance on monetary stimulus tools.

The pound edged higher against the dollar yesterday closing at 1.6533. The report in UK showed that the annual rate of CPI slowed to 1.7% in February, in line with expectations, down from 1.9% in January. January was the first

time in more than four years that the UK inflation rate fell below the BoE’s 2% target.

The yen held slightly weaker against the dollar this morning trading at 102.34 after US consumer confidence gauge beat expectations, though US housing figures down the dollar’s advance. The report showed that consumers

expect the economy to continue improving and believe it may gather momentum in the coming months..

Technical Chart

Currency

USDINR

EURINR

GBPINR

JPYINR

Currency

Dollar Index

Euro

Pound

Yen

Support - Resistance for the day

Pivot

61.05

84.18

100.54

59.59

Open

79.9440

1.3825

1.6527

102.2300

Previous

111.3

1.90%

78.1

468K

S1

60.73

83.91

100.33

59.44

High

79.9930

1.3827

1.6540

102.4000

Period

1- Month

3-Month

6-Month

1-Year

S2

60.55

83.72

100.19

59.34

Low

79.9540

1.3812

1.6522

102.2200

Forward

61.0000

61.8150

63.0775

65.4550

R1

61.23

84.37

100.67

59.69

Close

79.9840

1.3813

1.6525

102.2900

Future

60.4750

61.2450

62.2825

64.2500

R2

61.55

84.64

100.88

59.83

% chg

-0.05%

0.09%

0.01%

-0.03%

NDF

60.9520

61.6400

62.7730

64.9630

International Pairs

Economic Data

Today

Currency

Core Durable Goods Orders USD

-

-

-

-

-

-

Expected

0.30%

-

-

-

Previous

1.10%

-

-

-

Yesterday

Currency

German Ifo Business Climate EUR

Index

CPI

GBP

Consumer Confidence

USD

New Home Sales

USD

Actual

110.7

1.70%

82.3

440K

Forward Market (OTC/ Interbank)

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