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DAILY CURRENCY REPORT

Major Currency pairs as on 27/06/2013 Global currency The euro nursed broad losses in early Asian trade on Friday as investors turned on the common currency after European Central Bank officials made clear any policy tightening remained a very distant prospect. The Australian dollar fell, headed for the biggest quarterly drop since 2008, as prospects the Federal Reserve will pare back stimulus reduce the attractiveness of the South Pacific nations assets. Brazil's real ended a four-session win streak against the dollar Thursday, weakening sharply at the end of the session. The greenback, in terms of the US Dollar Index, shot up and trading near 83 levels. CURRENCY GBP/USD EUR/USD NZD/USD AUD/USD USD/JPY USD/CAD EUR/JPY HIGH 1.5345 1.3041 0.7845 0.9338 98.37 1.0469 128.09 LOW 1.5263 1.3013 0.7772 0.9275 97.56 1.0424 127.03

Indian rupee (INR)

The Indian rupee recovered from record lows on Thursday, helped by corporate inflows, with a lower-than-expected current account gap also helping relieve some of the concerns about the battered currency. The partially convertible rupee closed at 60.19/20 versus its Wednesday close of 60.7150/7250. Outlook: Rupee is expected to strengthen against US dollar after few Fed officials stated tapering of QE 3 will depend on economic data. Domestic developments is expected to boost sentiment. Currency is now trading above 60 levels and we can expect some steps from RBI to stem the rupees fall. However month end Dollar demand from Oil & Gold importers is expected to pressurize the rupee. US dollar index shot back above 82.50levels which will pressurize rupee. It is expected to trade in the range of 59.00to 61.00

RBI Reference rate (As on 27 June 2013)

USD/INR Chart for the past six months USD/INR EUR/INR GBP/INR JPY/INR 60.5880 78.9412 92.9178 61.7900

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