From August 11 to 14, 2014, the Indian rupee experienced fluctuations due to geopolitical tensions, recovering slightly from five-month lows but marking its worst weekly performance since August of the previous year. Key economic indicators and currency rates were reported, with the rupee closing at 61.41 against the US dollar. Market sentiment remained weak, affecting expectations for foreign fund inflows into local assets.

1. 11 AUGUST – 14 AUGUST 2014
W E E K L Y
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P
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2. REFERENCE RATE
(USD)
61.5575
REPO RATE 8%
REVERSE REPO 7%
CRR 4%
INFLATION 5.43%
KEY RATESAs on 08/08/2014
MARKET EVENTS MARKET OUTLOOK
The Indian rupee recovered from
five-month lows on Friday as some
of the currency's recent losses were
seen as overdone even as sentiment
stayed weak given the global geo-
political concerns. The rupee fell
marginally over the week to mark a
second consecutive weekly drop,
when the currency posted its worst
weekly performance since touching
record low levels in August last year.
Rupee ended the day at 61.41
against the US dollar. What took a
toll on the forex market was the geo-
political tension with concerns about
the continuation of foreign fund
inflows into local debt and equities
also hurting sentiment.
Rupee recovers from 5-month
lows, falls for second week on
geo-political tensions.
Dollar slips after geopolitical
tensions spur profit-taking.
Sterling hits 8-week low vs
dollar on war worries.
China's Yuan firm, trades above
midpoint rate for first time in 5
months.
CURRENCIES
PREVIOUS
RATE
CURRENT
RATE
% CHANGE
USDINR 61.4600 61.4500 -0.02
EURINR 82.8425 82.3100 -0.04
GBPINR 103.4200 103.2675 -0.15
JPYINR 59.7500 60.2925 0.91

3. USDINR
EURINR
USDINR last week gave breakout of trendline acting as strong resistance for it, found resistance near
62.0000 and closed below trendline. Now, if it breaks resistance of 62.0000 then it may find next
resistance in range of 62.5000-62.9000. On lower side 61.2000 is seen as important support for it
below which it may drag towards support level of 60.7000.
EURINR last week showed sideways to positive movements closed above trendline acting as
resistance for it. Now, if it sustain above 82.9000 then breakout of trendline is confirm and may find
resistance around 83.4000 above which 84.0000 is act as major resistance for it. On lower side
81.5000 is support for it.

5. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 61.1000 60.8500 60.5000 62.0000 62.5000 62.9000
EURINR 81.6000 81.0000 80.7000 82.9000 83.4000 84.0000
GBPINR 102.9000 102.4000 101.9000 103.9000 104.4000 104.9000
JPYINR 59.9000 59.4500 58.9500 60.8000 61.4000 61.6500
PIVOT TABLE
DATE TIME COUNTRY EVENT
BLOOMBERG
ESTIMATE
PREVIOUS
LEVEL
12-AUG-2014
05:30
PM
INDIA Indian CPI (YOY) 7.40% 7.31%
12-AUG-2014
05:30
PM
INDIA
Indian Industrial
Production (YOY)
5.4% 4.7%
14-AUG-2014
12:00
PM
INDIA Indian WPI (YOY) 5.10% 5.43%
14-AUG-2014
6:00
PM
US
Unemployment
Claims
307K 289K
INTERNATIONAL UPDATES
 Yen Completes Best Weekly Gain in a Month on Iraq.
 Argentina Peso Forwards Head for Biggest Weekly Gain since
March.
 Canada Dollar Drops as Yields Hit Lowest in Year on Jobs.

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