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28 DEC 2015 01 JAN 2016

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.

MARKET OUTLOOK

MARKET EVENTS
Rupee set for 5th yearly loss;
65-70 becomes new normal.
Currencies subdued in
Christmas holiday lull, dollar
adrift.
Asia FX mostly steady, on
track for weekly gains.
China's yuan flat after Central
bank slightly softens guidance.

CURRENCIES

USDINR

PREVIOUS

CURRENT

RATE

RATE

66.4650

66.2175

Indian
Rupee
continued
its
appreciation on seventh consecutive
session and closed the last week on a
positive note which was very short
week due to long weekend amid
holidays. Indian currency started the
reversals from the mark of 67.0000
and rallied towards 66.0000 against
the greenback on sustained selling of
dollars by Banks and exporters and
strong domestic markets. It is ahead
of last week of 2015 which again
mark as fifth yearly fall for the Indian
currency. Although Rupee showed
the worst performance throughout
the year but it was relatively a better
performer against other major
currencies.

KEY RATES As on 23/12/2015

% CHANGE
REFERENCE RATE
(USD)

66.2020

REPO RATE

6.75%

-0.37

EURINR

71.9550

72.3875

0.60

REVERSE REPO

5.75%

GBPINR

99.2275

98.5600

-0.67

CRR

4%

JPYINR

54.7650

54.7600

0.00

INFLATION

-1.99%

USDINR

USDINR last week faced less volatility due to less no. of sessions ahead of long weekend but
Rupee appreciated in these sessions and finally the pair closed on flat to negative note. It is near
to the important support of 66.0000 and any closing below it can drag it towards the lower band
of channel while 66.5000-66.7000 is seen as immediate resistance range.

EURINR

EURINR last week moved in small range and drifted towards the immediate resistance of 72.6250
and closed the week on a flat to positive note. If the counter sustains above 72.6250 then it may
lead towards the next resistance of 73.0000 while 71.7000 is seen as the major support from
current levels.

PIVOT TABLE
CURRENCIES

S1

S2

S3

R1

R2

R3

USDINR

65.9000

65.6000

65.2000

66.6000

66.9000

67.3000

EURINR

71.7000

71.2000

70.6000

73.0000

73.5000

74.3000

GBPINR

97.7000

96.9000

96.0000

99.0000

99.8000

100.4000

JPYINR

54.4000

54.0000

53.5000

55.2000

55.6000

56.0000

INTERNATIONAL UPDATES
Economy Grew 2% in 3 Q, Led by U.S. Consumer Spending.
UK GDP in volume terms was estimated to have increased by
0.4% between Quarter 2 and Quarter 3 2015.
US Unemployment Insurance Weekly Claims was 267,000, a
decrease of 5,000 from the previous week.
DATE

TIME

COUNTRY

EVENT

BLOOMBERG
ESTIMATE

PREVIOUS
LEVEL

29-DEC-2015

7:00
PM

US

Goods Trade
Balance

-58.4B

29-DEC-2015

8:30
PM

US

CB Consumer
Confidence

90.4

US

Pending Home
Sales m/m

0.2%

US

Unemployment
Claims

8:30
30-DEC-2015
PM
7:00
31-DEC-2015
PM

DISCLAIMER

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