18 AUGUST 22 AUGUST 2014

W E E K L Y
R
E
P
O
R
T
Buy on fear, sell on greed.
Buy on the rumor, sell on the news.
The trend is your friend.
Amateurs want to be right.
Professionals want to make money.

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REFERENCE RATE
(USD)
61.0583
REPO RATE 8%
REVERSE REPO 7%
CRR 4%
INFLATION 5.19%
KEY RATES As on 14/08/2014
MARKET EVENTS
MARKET OUTLOOK
Rupee rose 0.62% against dollar to
post its best weekly gain in three
months as recent geopolitical
concerns due to the turmoil in Iraq
and Ukraine also eased while
sentiments also benefited from
Brent crude falling to 13 month lows.
Although higher than expected
Indian consumer inflation and IIP
data resulted in fall in rupee on
Wednesday but broader losses were
capped as domestic shares managed
to edge higher on back of good
corporate results; emerging market
currencies were also subdued due to
weaker retail sales data from China.
Rupee ends day below 61
against US dollar, post weekly
gain in three months.
Yuan firms for 4th week
crosses 200-day moving
average.
Euro shrugs off disappointing
GDP data, data-hit dollar
helps.
CURRENCIES
PREVIOUS
RATE
CURRENT
RATE
% CHANGE
USDINR 61.4500 60.9100 -0.87
EURINR 82.3100 81.4950 -0.99
GBPINR 103.2675 101.6200 -1.59
JPYINR 60.2925 59.4975 -1.31
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USDINR


EURINR
USDINR last week found strict resistance near the trend line on daily charts and sharp selling was
seen in the last trading session. Now, if downfall continues then it may find support around the
trend line coming from lows i.e. around 60.6000 and closing below it may further result in selling
pressure. On other hand, resistance is seen in the range of 61.2000-61.5000.
EURINR last week showed steep downfall and closed with weekly loss of around 1%. On daily
charts, it is near to the trend line acting as support and closing below it may result in strong selling
pressure. Immediate support is seen near 80.7000. Any correction on higher side will find
resistance around 81.8000-82.0000.


























CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 60.5000

60.2000 59.8000 61.3000 61.6000 62.0000
EURINR 81.1000 80.7000 80.2000 81.9000 82.3000 82.7000

GBPINR 101.3000 100.8000 100.4000 102.2000 102.7000

103.2000
JPYINR 59.2000 58.9000 58.4000 59.9000

60.2000 60.6000
PIVOT TABLE
DATE TIME COUNTRY EVENT
BLOOMBERG
ESTIMATE
PREVIOUS
LEVEL
19-AUG-2014
6:00
PM
US Building Permits 1.00M 0.97M
21-AUG-2014
6:00
PM
US
Unemployment
Claims
299K 311k
21-AUG-2014
7:30
PM
US
Existing Home
Sales
5.01M 5.04M
22-AUG-2014
7:30
PM
US
Fed Chair Yellen
speaks
_ _


INTERNATIONAL UPDATES
Pound hits 4-month low after BoE's dovish shift, euro eyes GDP
Yen Gains with Franc as Ukraine Reports Convoy Attack.
Canadian Dollar Hits 2-Week High as Jobs Report Revised.










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