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1. 07 OCT- 10 OCT 2014
W E E K L Y
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P
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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) 61.7511 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

3. 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.

4. 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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