1. DAILY FOREX REPORT 17TH DECEMBER 2012WWW.EPICRESEARCH.CO +919752199966

2. HEADLINES Rupee reverses losses after inflation rate eases The rupee recovered from early losses to trade higher on Friday after headline inflation surprised on the downside, raising hopes the RBI could start cutting interest rates as early as January. Indias wholesale price index rose a slower-than-expected 7.24 percent in November, less than the 7.6 percent estimated by a Reuters poll. While most economists and market participants believe the central bank may hold rates steady on Dec. 18., some are now expecting that it will infuse some liquidity in the form of a cash reserve ratio cut. "The trending and expectation in headline inflation has improved, paving way for start of rate cut cycle in TRADING TIPS January-March 2013," said Moses Harding, head of asset liability management at IndusInd Bank. "A CRR BUY EUR/INR cut of 25 basis points is seen certain to maintain the ABOVE 71.46 positive feel," he said. The government is trying to push FOR TGT through more reforms, approving steps on Thursday to 71.66/71.86 speed up infrastructure projects and facilitate SL 71.26 investment into the fertilizer sector. PAST REFERENCE RATE PERFORMANCE As on 14TH December 2012 BUY EUR/INR ABOVE 71.27 UNDERLYING RATE FOR TGT USDINR 54.3880 71.47/71.67 EURINR 71.2920 SL 71.07 GBPINR 87.7822 TARGET ACHIEVED JPYINR 64.8600www.epicresearch.co +919752199966

3. DAILY MARKET STATISTICSPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Prev. Symbol Series/Expiry Unit Open High Low Close Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 27-Dec-2012 1 EUR 71.3000 71.5900 71.1425 71.4675 71.2675 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 EURINR 29-Jan-2013 1 EUR 71.7200 71.8300 71.4050 71.7175 71.5175 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 27-Dec-2012 1 GBP 87.9000 88.1900 87.6900 88.0175 88.0025 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 29-Jan-2013 42300 GBP 4255588.3075 7/19/2012 1 42250 88.4975 42390 88.0000 42435 88.3300 45 88.3025 0.11REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 27-Dec-2012 100 JPY 65.1575 65.3500 64.8800 65.2000 65.4625SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 29-Jan-2013 100 JPY 65.4350 65.6025 65.1925 65.4275 65.7475TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 27-Dec-2012 12511USD 1282 54.6475 7/19/2012 1251 54.7275 1246 54.3725 1282 54.6125 36 54.6225 2.89 USDINR 29-Jan-2013 1 USD 54.8825 54.9750 54.6325 54.8850 54.8775 USDINR 26-Feb-2013 1 USD 55.1275 55.2150 54.8800 55.1375 55.1000 www.epicresearch.co +919752199966

4. DAILY USD/INR CHARTANALYSISOPEN: 54.6375HIGH: 54.7250LOW: 54.3725CLOSE: 54.6125 USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966

5. DAILY EUR/INR CHARTANALYSISOPEN: 71.3525HIGH: 71.5825LOW: 71.1425CLOSE: 71.4675 EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966

6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 2:30pm EUR Italian Trade Balance 0.41B 3:30pm EUR Trade Balance 11.3B 7:00pm USD Empire State -0.3 -5.2 Manufacturing Index 7:30pm USD TIC Long-Term Purchases 22.3B 3.3B 11:30pm USD FOMC Member Lacker SpeaksDisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits themthe most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based onanalysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provideindividually tailor-made investment advice. Epic research recommends that investors independently evaluate particularinvestments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not beresponsible for any transaction conducted based on the information given in this report, which is in violation of rules andregulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein, togetherwith all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holdingpositions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free willand does not read any views expressed as a recommendation for which either the site or its owners or anyone can be heldresponsible for . Any surfing and reading of the information is the acceptance of this disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research does notpurport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party oranyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyonewhich is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919752199966