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1. 23 FEB - 27 FEB 2015
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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2. REFERENCE RATE
(USD)
62.2550
REPO RATE 7.75%
REVERSE REPO 6.75%
CRR 4%
INFLATION -0.39%
USDINR
KEY RATESAs on 20/02/2015
MARKET EVENTS MARKET OUTLOOK
Rupee was unable to show strength
last week; although selling of the
dollar by banks and exporters
supported Indian rupee but the
strength of dollar against other
currencies and weak domestic
markets on Friday limited the rise in
rupee and hence it hovered in the
same range. Remarkable figure
appeared is that RBI’s foreign
exchange reserves hit an all time
high of $333.17 bn for the
consecutive week. Crucial Events
affecting the volatility of the rupee in
the coming week are Union and
Railway Budget and meeting of
Eurozone over Greek bailout issue.
Rupee gains 12 paise vs US
dollar, closes at 62.22.
Dollar index holds gains after
mixed U.S. data.
Euro Fluctuates as Deal on
Greece Still Has Hurdles to
Clear.
Yen drops to Multi-Year Lows
on Friday.
CURRENCIES
PREVIOUS
RATE
CURRENT
RATE
% CHANGE
USDINR 61.9150 62.2825 -0.04
EURINR 71.1200 70.5525 -0.79
GBPINR 95.9400 95.6425 -0.31
JPYINR 52.4125 52.4900 0.14

3. EURINR
USDINR last week also exhibited range bound sessions remaining indifferent to decide the further
trend. On daily charts, it has moved in the same channel range and 62.1300 is seen as major
support range closing below which can strengthen rupee while 62.5000 is seen as immediate
resistance. Volatility in rupee is expected due to Union Budget in the coming week.
EURINR last week took strict resistance around higher levels i.e. around 71.4500 and closed the
week on negative note. Closing below the trend line so coming from recent lows indicates further
bearishness below the immediate support of 70.2000. While 71.4500 is still seen as important
resistance. Volatility in the coming few sessions can be seen decisions over Greece issue.

4. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 62.000 61.7000 61.3000 62.6000 62.9000 63.1000
EURINR 70.0000 69.6000 68.9000 71.3000 71.9000 72.7000
GBPINR 95.2000 94.6000 94.0000 96.3000 97.0000 97.6000
JPYINR 51.9000 51.6000 51.1000 52.8000 53.2000 53.7000
PIVOT TABLE
DATE TIME COUNTRY EVENT
BLOOMBERG
ESTIMATE
PREVIOUS
LEVEL
24-FEB-2015
8:30
PM
US
CB Consumer
Confidence
99.6 102.9
25-FEB-2015
8:30
PM
US New Home Sales 477K 481K
26-FEB-2015
7:00
PM
US Core CPI m/m 0.1% 0.0%
26-FEB-2015
7:00
PM
US
Unemployment
Claims
285K 283K
INTERNATIONAL UPDATES
 Brazil’s Real Drops to 10-Year Low as Economic Pessimism
Mounts.
 Pound Drops Most in Two Weeks Versus Dollar as Retail Sales
Fall.
 Ruble Catching Up With Oil Rally Posts Third Weekly Advance.

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