Dollar/Rupee: Dollar/ Rupee depreciated slightly last week and continues to trade in a small range of 44.90-45.50. Technically, in the short term, the downtrend still remains intact. Only an upside technical breakout above 45.50 will confirm a reversal of the trend beyond which it can target 46.00 level.

Euro/Dollar: Contrary to our view, the EUR/USD fell and its downward momentum sustained for the major part of last week. The coming week can see it move sideways and retest its recent high of 1.40 level.

Dollar/Yen: Dollar/ Yen continues to trade in a trading band of 81.00 - 84.50. The coming week can see it advance closer to the higher trading range of 84.00 where it is likely to face some resistance. It is a wait and watch in the short term as long as it stays within this trading range.

Dollar Index - DXY: Last week, the DXY exhibited strength and had a good recovery after testing the support level of 76.00. Technically the downtrend still remains intact as long as the level of 79.00 is not breached on the upside.