29 SEPT- 1 OCT 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)
61.5720
REPO RATE 8%
REVERSE REPO 7%
CRR 4%
INFLATION 3.74%
KEY RATES As on 26/09/2014
MARKET EVENTS
MARKET OUTLOOK
The rupee slipped to level of 61.62
against the US currency to hit its
lowest level seen in over 7 weeks on
sustained bouts of dollar demand
from importers and firm greenback
overseas. But showed some
correction on last trading session as
S&P upgrades Indias outlook. The
dollar index, which measures the US
currency's strength against major
currencies, held near a four-year
high against its major rivals in early
trade. The USDINR pair has breached
its resistance at 61.25 levels is
indicating a steep rise in the pair
towards 61.80-62.00 levels.
Rupee snaps four-day losing
streak as S&P ups rating
outlook.
Asian Currencies Decline for
Fourth Week on Fed Rate
Outlook.
Dollar Rallies as Growth
Bolsters Interest-Rate Bets.
Sterling set for weekly gains as
BoE/ECB rate paths diverge.
CURRENCIES
PREVIOUS
RATE
CURRENT
RATE
% CHANGE
USDINR 60.9100 61.5825 1.10
EURINR 78.3750 78.4475 0.09
GBPINR 99.7350 100.3550 0.62
JPYINR 56.0075 56.4575 0.80
91








































USDINR


EURINR
USDINR Oct series last week broke its vital resistance of 61.7600 but unable to sustain above it as
S&P upgrades Indias outlook. Now immediate support for it seen around 61.2000 below which
again it may drag towards its important support of 60.5000. On higher side psychological level of
62.0000 is act as major resistance for it.
EURINR Oct series last week again closed on lower note finding crucial support around 78.0000
mark. On weekly charts, if it closes below 78.0000 level then it may fall towards the trend line
which is acting strong support i.e. near 76.8000. On any correction it may find resistance in the
range of 78.9000-79.5000 in the coming week.


























CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 61.0000

60.5000 60.0000 62.0000 62.5000 62.8000
EURINR 78.0000 77.6000 76.8000 78.9000 79.4000 79.9000

GBPINR 99.9000 99.3000 98.8000 100.90 101.30

101.80
JPYINR 56.0000 55.6000 55.2000 56.9000

57.3000 57.8000
PIVOT TABLE
DATE TIME COUNTRY EVENT
BLOOMBERG
ESTIMATE
PREVIOUS
LEVEL
30-SEPT-2014
11:00
AM
INDIA
RBI Monetary
Policy
8% 8%
30-SEPT-2014
8:30
PM
US
CB Consumer
Confidence
92.2 92.4
01-OCT-2014
6:45
PM
US
ADP Non-Farm
Employment
Change
206k 204k
01-OCT-2014
8:30
PM
US
ISM
Manufacturing
PMI
58.6 59.0

INTERNATIONAL UPDATES
Brazils Real Climbs from Seven-Month Low on Election
Outlook.
Euro hits fresh multi-month lows vs. stronger dollar.
Peru Sells Most Dollars Since January as Sol Touches 5-Year
Low.










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