Forex PACK We make predictions on the basis of quantitative and qualitative research of the market trends and the Forex situations in the national and International.

1. 29 DEC 14- 2 JAN 2015
W E E K L Y
R
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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.
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Professionals want to make money.
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2. REFERENCE RATE
(USD)
63.6355
REPO RATE 8%
REVERSE REPO 7%
CRR 4%
INFLATION 0.00%
KEY RATESAs on 26/12/2014
MARKET EVENTS MARKET OUTLOOK
Indian Rupee declined for the
third straight day against the US
dollar, after the release of better
than expected US GDP numbers
and speculation importers
stepped up dollar purchases to
meet month-end payments. Profit
booking from FII’s and demand
from oil companies result in
weaken rupee. Dollar index was
stable in world market and a
slightly gain in Indian equities
market capped rupee fall to some
extent. At forex market Indian
currency resumed better but it fell
back due to dollar demand from
importers.
Rupee falls for the third day
on U.S. GDP, Dollar Demand.
Asian currencies firmer; won
rises on position squaring.
China’s Yuan Weakens on
Speculation Importers Buying
Greenback.
Yen dropped Seven-Year Low
as Inflation Slows; Real
Climbs.
CURRENCIES
PREVIOUS
RATE
CURRENT
RATE
% CHANGE
USDINR 63.4250 63.6300 0.32
EURINR 77.8175 77.6000 -0.28
GBPINR 99.1825 99.0650 -0.12
JPYINR 53.1525 52.9300 -0.42

3. USDINR
EURINR
USDINR Jan last week broke its crucial resistance of 63.8000 and closed above it. Now, if it sustain
above this level then it may test upper band of upward channel pattern i.e. around 64.9000. On
lower side 63.5000 is act as immediate support for it closing below which may drag it towards
next support level of 62.8000.
EURINR Jan last week showed sideways movement, found strong resistance of 78.5000 and closed
below it. Now, if it gives closing above this resistance then bulls may active and take it towards
next resistance level of 79.2000. On other hand 77.6500 is act as support for it below which
76.8000 is act as strong support for it.

4. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 63.4800 63.0000 62.6500 64.4800 64.9000 65.4000
EURINR 77.6500 77.2500 76.9000 78.4000 78.9000 79.3000
GBPINR 99.0000 98.6000 98.2000 100.00 100.55 101.10
JPYINR 52.7500 52.2600 51.8000 53.7000 54.1500 54.6000
PIVOT TABLE
DATE TIME COUNTRY EVENT
BLOOMBERG
ESTIMATE
PREVIOUS
LEVEL
30-DEC-2014
8:30
PM
US
CB Consumer
Confidence
94.6 88.7
31-DEC-2014
7:00
PM
US
Unemployment
Claims
287k 280k
31- DEC-2014
8:15
PM
US
Pending Home
Sales m/m
0.6% -1.1%
2- JAN-2015
8:30
PM
US
ISM
Manufacturing
PMI
57.6 58.7
INTERNATIONAL UPDATES
 Russia's ruble ends 5-day rally, drops 4 per cent.
 Dollar inches back versus yen, euro as markets slowly get back
into gear.
 Real Leads Global Gains on Speculation Brazil to Signal
Support.

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