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1. 20 OCT- 22 OCT 2014
W E E K L Y
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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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2. REFERENCE RATE (USD) 61.6165 REPO RATE 8% REVERSE REPO 7% CRR 4% INFLATION 2.38%
KEY RATES As on 17/10/2014 MARKET EVENTS MARKET OUTLOOK
Indian Rupee gained on Friday as a rise in local shares along with positive U.S. unemployment and industrial output data helped sentiments. Most Asian currencies ended the day firmer as solid U.S. economic data eased concerns over global growth. On the week, however, the rupee fell, declining in five of the last six weeks. Key event to be focused next week is the Chinese third quarter GDP numbers. On domestic front, higher volatility is expected next week as financial markets will be on alert following two key state election results on Sunday, company earnings and global events.
 Rupee gains on rise in shares, robust US data.
 Yuan Climbs a Second Week After Exports Gain as Dollar Retreats.
 Dollar Falls Second Week as Volatility Hits 8-Month High.
 Euro Weakness Spurs Honeywell to Hedge for First Time.
CURRENCIES
PREVIOUS RATE
CURRENT RATE
% CHANGE
USDINR
61.5325
61.5850
0.08
EURINR
77.9350
78.9350
1.28
GBPINR
98.7850
99.1875
0.40
JPYINR
57.1450
57.7725
1.09
91

3. USDINR
EURINR
USDINR last week strongly pulled back from the trend line as shown in daily chart above and
closed the week on flat note. It was unable to sustain on 62.0000 mark and fell towards the
support of 61.5000. Now, if it sustains below 61.5000 then it may again drop towards the trend
line around 61.2500 while 62.0000 is still seen as strict resistance.
EURINR last week found support of 77.6400 and showed strong reversal towards the resistance
mark of 79.4400 which was also its important support few weeks ago. Hence, if it closed above
79.4400 then it may show some up move. While any closing below 78.7000 may result in selling
pressure where 77.6400 is seen as crucial support.

4. CURRENCIES S1 S2 S3 R1 R2 R3 USDINR 61.2000 60.9000 60.6000 61.9000 62.2000 62.5000 EURINR 78.6000 78.2000 77.7000 79.4000 79.8000 80.1000 GBPINR 98.6000 98.2000 97.8000 99.7000 100.2000 100.6000 JPYINR 57.3000 56.8000 56.3000 58.3000 58.8000 59.2000
PIVOT TABLE
DATE
TIME
COUNTRY
EVENT
BLOOMBERG ESTIMATE
PREVIOUS LEVEL
21-OCT-2014
8:30
PM
US
Existing Home Sales
5.11M
5.05M
22-OCT-2014
7:00
PM
US
Core CPI m/m
0.2%
0.0%
23-OCT-2014
7:00
PM
US
Unemployment Claims
269k
264k
24-OCT-2014
8:30
PM
US
New Home Sales
473k
504k
INTERNATIONAL UPDATES
 Brazil’s Real Rises on Wagers Debate Performance Will Buoy Neves.
 Yen ticks up in Asia on global economy jitters.
 Sterling drops after dovish comments from BoE's Haldane.

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