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COM
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20 JUNE 24 JUNE 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 OUTLOOK

MARKET EVENTS
Rupee depreciated against
dollar during last week.
China's yuan holds above 5-year
lows, modest declines seen this
year.
China releases its May Industrial
Production at 6.0% y/y
(expected 6.0%).
UK unemployment falls to 1.67
million.

Indian Rupee after previous week

strength was unable to sustain on
higher sides and fell for consecutive
sessions during the week and finally
settled on a weak note against dollar
on demand from importers and
Banks whereas Inflation data too
didnt supported the Indian currency
as CPI rose to 5.76% (v/s 5.39%)
while WPI rose to 0.79% (v/s 0.34%).
Anxiety was watched in global
currencies last week due to British
exit from European Union as it
reached fever pitch, Rupee swings
rose at the fastest pace since August.
Uncertainty about the U.K.'s June 23
referendum has cast a pall over the
global outlook.

KEY RATES As on 17/06/2016

CURRENCIE
S
USDINR

PREVIOUS
RATE
66.9375

CURRENT
RATE
67.1725

% CHANGE
0.35%

EURINR

75.6825

75.6975

0.01%

GBPINR

96.5250

95.9575

-0.58%

JPYINR

62.6225

64.4200

2.87%

REFERENCE
RATE (USD)

67.1682

REPO RATE

6.50%

REVERSE REPO

6.00%

CRR

4%

INFLATION

0.79%

USDINR

USDINR last week gradually moved northwards after getting support near the trend line from deeper
supports as seen on daily charts. If it surpasses 100 day EMA of 67.0500 then it may again move
towards the trend line near 66.8000 while 67.5000 is seen as stiff resistance closing above which can
provide it further strength.

EURINR

EURINR last week moved in the same range and closed the week on a flat note. On daily charts, any
closing below 75.4000 can be a weak signal as it may further drag towards the support of 75.0500.
On higher side, trend line so coming from recent highs i.e. around 76.1000 may act as key resistance
for the week.

PIVOT TABLE
CURRENCIES

S1

S2

S3

R1

R2

R3

USDINR

66.9000

66.6000

66.2000

67.5000

67.8000

68.1000

EURINR

75.4000

75.0000

74.6000

76.1000

76.5000

77.0000

GBPINR
JPYINR

95.1000 Prices
94.4000
97.1000
Consumer
Excluding93.7000
Food, Fuel96.5000
Rise as Rents
in U.S.
Climb.
63.7000
63.1000
62.5000
65.0000
65.4000

97.7000
65.8000

Retail Sales Rise More Than Forecast as U.S. Consumers Spend.

INTERNATIONAL UPDATES

Unemployment Insurance Weekly Claims was 277,000, an

increase of 13,000 from the previous week.
DATE

TIME

COUNTRY

EVENT

BLOOMBERG
ESTIMATE

PREVIOUS
LEVEL

21-JUNE-16

07:30
PM

US

Fed Chair Yellen

Testifies

22-JUNE-16

7:30
PM

US

Existing Home
Sales

5.45m

US

Unemployment
Claims

277k

US

Core Durable
Goods Orders
m/m

0.4%

23-JUNE-16

24-JUNE-16

6:00
PM
6:00
PM

DISCLAIMER

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