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COMM

R
W EEKLY
P
O
R
T

01 AUGUST – 05 AUGUST 2016

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 EVENTS

MARKET OUTLOOK

 Rupee appreciates against
greenback on sustained dollar
selling.
 Yen jumps after BOJ easing
falls short of expectations.
 Asia FX up on BOJ; gain on
month as investors hunt for
yield.
 New home sales in US power
ahead, rising to 7-year high.

Indian Rupee appreciated against the
greenback for the four consecutive
sessions in last week as Banks and
exporters continued to sell the American
currency amid persistent capital inflows.
Weak dollar in overseas market also
boosted the Rupee sentiments. Last
week was awaited with the Global
central banks stance on policy rates and
US Federal Reserve maintain the status
quo and kept its interest rate target
unchanged at 0.25-0.50 per cent. The
Bank of Japan (BoJ) mildly expanded its
monetary easing programme on Friday,
by doubling the purchase of exchangetraded funds (ETF).

KEY RATES As on 29/07/2016
CURRENCIE
S
USDINR

PREVIOUS
RATE
67.4775

CURRENT
RATE
67.2900

% CHANGE
-0.27%

REFERENCE
RATE (USD)

67.0340

REPO RATE

6.50%

REVERSE REPO

6.00%

EURINR

74.4325

74.8325

+0.53%

GBPINR

88.3775

88.7200

+0.38%

CRR

4%

JPYINR

63.6425

65.1200

+2.32%

INFLATION

1.62%

USDINR

USDINR last week fell consecutively for four sessions and closed on weak note as compared to
previous week close. It closed below the immediate support of 67.3000 as seen on daily charts
and may further drag down if it sustains below it. On higher side, major resistance that can be
faced by the counter in coming week is 67.8000.

EURINR

EURINR last week showed a pull back from support levels and headed higher and settled the week
in positive terrain. Now, the crucial level for the counter is 75.0000 and if it holds above it then it
may lead towards the resistance range of 75.3000-75.5000. On lower side, 74.1500 is still acting as
major support for it.

PIVOT TABLE
CURRENCIES

S1

S2

S3

R1

R2

R3

USDINR

67.0000

66.6000

66.2000

67.6000

68.0000

68.4000

74.3000

74.0000

73.5000

75.2000

75.6000

76.0000

EURINR
GBPINR
JPYINR

 German business morale falls slightly after Brexit vote.
86.0000
89.3000
89.9000
90.5000
 GDP87.8000
up by 0.3%87.0000
in the euro
area and by
0.4% in the
EU28.
64.5000
63.9000
63.0000 Confidence
65.6000 Index
66.1000
 The Conference
Board Consumer
Virtually 66.7000
Unchanged in July.
 Jobless Claims in U.S. Climbed Last Week From a Three-Month
INTERNATIONAL UPDATES
Low.
DATE

TIME

01-AUG-16

07:15
PM

03-AUG-16

5:45
PM

04-AUG-16

05-AUG-16

6:00
PM
6:00
PM

COUNTRY

EVENT

BLOOMBERG
ESTIMATE

PREVIOUS
LEVEL

US

ISM
Manufacturing
PMI

53.1

53.2

US

ADP Non Farm
Employment
Change

171k

172k

US

Unemployment
Claims

265k

266k

US

Unemployment
Rate

4.8%

4.9%

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