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COM
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21 SEPT 24 SEPT 2015

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.

MARKET OUTLOOK

MARKET EVENTS
Rupee at three-week high,
gains against US dollar.
Weekly Asia FX gains seen as
Fed keeps rates; growth
worries remain.
Foreign exchange reserves rise
to $2.359 billion .
Retail Sales in U.S. Increase as
Consumers Unshaken by
Turmoil.

CURRENCIES

USDINR

PREVIOUS

CURRENT

RATE

RATE

66.7500

65.7700

Indian Rupee remained volatile

trading with losing streak awaiting
Federal Reserve decision on interest
rates but outcome of meet resulted
in weakening dollar as they left the
interest
rates
unchanged.
Henceforth, Rupee saw the biggest
daily gain after September 2013 as it
hiked around 1% snapping the 2-day
losing streak.
Sentiments were
further boosted on hopes that RBI
may ease its monetary policy which
is due in coming week. Strength in
equity markets too supported the
Indian currency. Forex Reserves rose
$2.5 bn for the week ending 11th
Sept and crossed $350 bn mark.

KEY RATES As on 18/09/2015

% CHANGE
REFERENCE RATE
(USD)

65.9255

REPO RATE

7.25%

-1.46

EURINR

75.1650

75.2000

0.04

REVERSE REPO

6.25%

GBPINR

102.8325

102.7550

-0.07

CRR

4%

JPYINR

55.3425

55.2275

-0.20

INFLATION

-4.05%

USDINR

USDINR last week hovered around the support level of 66.4500 for most part of the week but this
crucial support was broken on last day after Feds decision to keep the interest rates unchanged
which resulted in weakening of dollar and finally settled near the support of 65.7650. If it sustains
below it then next support is around 65.2000 while immediate resistance for week is 66.5000.

EURINR

EURINR last week found stiff resistance around higher side i.e. near the resistance of 75.6500 and
hovered in specific range for most part of the week. It needs closing above 75.6500 for strong up
move above which next resistance is seen around 76.1000. On lower side, 74.6000 is seen as
immediate support closing below which may find 74.1000 as next support.

PIVOT TABLE
CURRENCIES

S1

S2

S3

R1

R2

R3

USDINR

65.4000

64.8000

64.2000

66.4000

66.7000

67.2000

EURINR

74.6000

73.8000

73.0000

75.7000

76.5000

77.3000

GBPINR

102.2000

101.6000

100.6000

103.7000

104.3000

105.4000

JPYINR

54.7000

54.2000

53.5000

55.8000

56.4000

57.0000

INTERNATIONAL UPDATES
U.K. Wage Growth Hits Six-Year High as Labor Market Tightens.
Consumer Prices in U.S. Drop in August on Plunging Energy
Costs.
US Unemployment Insurance Weekly Claims was 264,000, a
decrease of 11,000 from the previous week.
COUNTRY

EVENT

BLOOMBERG
ESTIMATE

PREVIOUS
LEVEL

24-SEP-2015

6:00
PM

US

Core Durable
Goods Orders
m/m

0.4%

24-SEP-2015

6:00
PM

US

Unemployment
Claims

264k

US

Fed Chair Yellen

Speaks

US

Final GDP q/q

3.7%

DATE

TIME

2:30
25-SEP-2015
AM
6:00
25-SEP-2015
PM

DISCLAIMER

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