07 OCT- 10 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)
61.7511
REPO RATE 8%
REVERSE REPO 7%
CRR 4%
INFLATION 3.74%
KEY RATES As on 01/10/2014
MARKET EVENTS
MARKET OUTLOOK
Rupee saw fourth consecutive
weekly fall as it fell 075% for the
week; its biggest loss since the
trading week ended August 1. It rose
on Wednesday rebounding from
seven month low touched earlier in
the session even as caution prevailed
ahead of an extended holiday. The
unit fell in both the previous
sessions, dragged down by a global
rally in the dollar due to worries
about earlier-than-expected U.S. rate
hikes. Now, for the coming week, key
events to be witnessed are Impact
on foreign flows from global markets
and corporate earnings which could
lead to volatility in share markets.
Rupee rebounds from 7-
month low ahead of holidays.
Yuan Completes Biggest
Weekly Decline Since June
Dollar Rallies Longest in Four
Years on Policy Divergence.
Asian Currencies Drop for Fifth
Week as U.S. Rate Increases
Loom.
CURRENCIES
PREVIOUS
RATE
CURRENT
RATE
% CHANGE
USDINR 61.5825 61.9275 0.56
EURINR 78.4475 78.0025 -0.56
GBPINR 100.3550 100.2250 -0.12
JPYINR 56.4575 56.3725 -0.15
91








































USDINR


EURINR
USDINR last week after the breakout of trend line as shown in daily chart above continued the
bulls and lead towards the 62.0000 mark but was unable to close above it. If it sustains above
62.0000 mark then it may find next resistance around 62.5000. On lower side if it closes below
61.8500 then it may drag towards the support of 61.5000.
EURINR last week also continued its weak trend tested 78.0000 and if it continues it in the coming
week as well then it may find next support around the trend line i.e. near 77.6000. On any
correction, if it moves on higher side then it may find immediate resistance around 78.6000
closing above which it may lead towards higher side where 79.0000 is seen as strict resistance.



























CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 61.6000

61.3000 61.0000 62.3000 62.6000 63.0000
EURINR 77.6000 77.2000 76.8000 78.8000 79.1000 79.5000

GBPINR 99.8000 99.4000 99.0000 100.8000 101.2000

101.6000
JPYINR 56.1000 55.7000 55.3000 56.8000

57.1000 57.6000
PIVOT TABLE
DATE TIME COUNTRY EVENT
BLOOMBERG
ESTIMATE
PREVIOUS
LEVEL
07-OCT-2014
10:30
AM
INDIA
HSBC Services PMI
(Sep)
_ 50.6
09-OCT-2014
12:30
AM
US
FOMC Meeting
Minutes
_ _
09-OCT-2014
7:00
PM
US
Unemployment
Claims
291K 287K
10-OCT-2014 _ US G20 Meetings _ _


INTERNATIONAL UPDATES
Canadian Dollar Falls to Six-Month Low on Trade Deficit.
Brazil First Round Still Up for Grabs on Eve of Vote.
Sterling falls to two-week low vs dollar, gains against
euro.










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