Mecklai Graph: Is Rupee Weakness Getting Exhausted?

As seen in the below graph Brazilian Real, South African Rand have been the biggest looser on YOY followed by Indian rupee however if we compare the week on week change there are only very few currencies which have appreciated and USDINR is one of them. There are host events which are lined up in remaining part of the month (namely RBI Meeting, Greece Reelection, US FOMC meeting) and all of them would play a major role in deciding the future path of Indian rupee, hence it’s for the markets to decide that current weekly advance in rupee would continue or not

The below graph shows percentage change in various currencies across different time frames.