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You can see the latest forex market movement trends updated frequently during forex trading hours. International Forex Market Trends and Market Analysis Report are provided by our professional forex trade dealing professionals and research team for the benefit of all our forex customers.
International Forex Market Rates for USD, Euro and GBP provided below was last updated on May 03 ~ 10:00 - Indian Standard Time
Currency |
Buy |
Sell |
---|---|---|
US Dollar |
83.39 |
83.40 |
Euro |
89.51 |
89.53 |
GB Pounds |
104.65 |
104.66 |
---- |
USD |
EUR |
GBP |
---|---|---|---|
Previous day Closing |
83.48 / 83.49 |
89.48 / 89.49 |
104.55 / 104.57 |
Today's opening |
83.39 / 83.40 |
89.51 / 89.52 |
104.65 / 104.66 |
Today range |
83.30 to 83.50 |
88.95 to 89.80 |
104.10 to 104.95 |
Current month |
83.00 to 83.70 |
____ |
____ |
The Indian rupee opened stronger against U.S.Dollar at 83.39/83.40, like its asian peers fuelled by the drop in U.S. Treasury yields before the U.S jobs report. USD/INR range for the day is 83.30 to 83.50 and for this month is 83.00 to 83.70.
The Indian Rupee closed weaker at 83.47/83.48 against its previous close of 83.41/83.42,despite an uptick in its asian peers as dollar demand from foreign banks weighed on the local currency, alongside importers hedging demand.
GLOBAL DEVELOPMENTS :Asian stocks rallied on Friday after record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data later in the day. The yen strengthened 0.55% to 152.80 per dollar in early trading on Friday, having started the week by touching a 34-year low of 160.245 per dollar on Monday. The yen has weakened for over a decade, largely due to low Japanese interest rates drawing funds out of the country towards higher yielding assets in other large economies including the United States. Despite the sizable bounce in the yen this week, it is still down 8% against the dollar this year. The dollar index, which measures the U.S. currency against six peers, was last at 105.25. The index is set to clock a 0.7% decline for the week, its worst weekly performance since early March. The Federal Reserve this week left rates unchanged and signaled that its next policy move will be to lower its rates, though chair Jerome Powell noted that recent strong inflation readings have suggested that the first of these cuts could be a long time in coming. The Federal Reserve has clearly had its confidence shaken by the recent string of disappointing inflation releases. While the bar for moving back to a tightening bias is quite high, it seems likely that the current 5.25%-5.50% Fed Funds target range will be unchanged for the next several months. U.S. stocks ended higher on Thursday, with tech heavy Nasdaq advancing 1.5% buoyed by chip stocks. U.S. economic data on Thursday also showed the labour market remains tight, ahead of key government payrolls data due later on Friday. Economists polled by Reuters forecast 243,000 jobs, with estimates ranging from 150,000 to 280,000. In commodities, U.S. crude rose 0.39% to $79.26 per barrel and Brent was at $83.98, up 0.37% on the day. Spot gold was last $2,304.16 an ounce and was set for second straight weekly decline.
FACTORS AGAINST RUPEE :
Currency |
Export |
Import |
Month |
Export |
Import |
---|---|---|---|---|---|
Indicative Rates | Indicative Forward Rates | ||||
Indicative Cross Rates |
Apr-24 |
83.44 |
83.49 |
||
May-24 |
83.49 |
83.59 |
|||
GBP |
1.2504 |
1.2595 |
Jun-24 |
83.59 |
83.69 |
EUR |
1.0685 |
1.0776 |
Jul-24 |
83.69 |
83.79 |
JPY |
153.51 |
152.62 |
Aug-24 |
83.79 |
83.89 |
CHF |
0.9138 |
0.9049 |
Sep-24 |
83.90 |
84.00 |
Note :This information is given only for guidance purpose without any obligation on the part of TMB or any of its officials. Any person dealing on the basis of the said information does so at his / her own risks and no obligation arises to TMB or any of its officials. All such trading involves risks.
Exchange Rates Information last updated in part or full on Friday, May 03,2024 - 10:00 AM (IST) for ready transactions. All quotations are per unit of Foreign Currency except Japanese Yen, which is quoted for 100 Units
|
|
TT |
TC |
BILL |
CH |
CURRENCY |
||||
SL. NO |
CURRENCY |
BUY |
SELL |
BUY |
SELL |
BUY |
SELL |
BUY |
BUY |
SELL |
1 |
USD |
83.21 |
83.62 |
81.77 |
85.02 |
83.24 |
83.65 |
83.07 |
81.77 |
85.02 |
2 |
GBP |
103.89 |
105.14 |
102.49 |
106.54 |
103.91 |
105.16 |
103.59 |
102.49 |
106.54 |
3 |
EUR |
88.77 |
89.98 |
87.37 |
91.38 |
88.79 |
90.01 |
88.47 |
87.37 |
91.38 |
4 |
AUD |
53.71 |
55.79 |
52.66 |
56.79 |
53.76 |
55.54 |
53.51 |
52.41 |
56.79 |
5 |
CAD |
60.19 |
61.56 |
59 |
62.83 |
60.22 |
61.58 |
60 |
59 |
62.83 |
6 |
JPY |
53.81 |
54.93 |
52.81 |
55.98 |
53.81 |
54.88 |
53.66 |
52.56 |
56.23 |
7 |
HKD |
10.52 |
10.79 |
10.22 |
11.09 |
10.54 |
10.77 |
10.47 |
10.54 |
10.77 |
8 |
CHF |
90.27 |
92.48 |
89.08 |
93.75 |
90.18 |
92.5 |
90.08 |
89.08 |
93.9 |
9 |
SGD |
60.8 |
62.15 |
59.61 |
63.42 |
60.83 |
62.17 |
60.61 |
59.61 |
63.42 |
10 |
AED |
22.62 |
22.79 |
22.17 |
23.24 |
22.63 |
22.82 |
22.17 |
22.17 |
23.24 |
|
Cross Rate |
Bid Rate |
Ask Rate |
AED / USD |
3.67295 |
3.6728 |
3.6731 |
AUD / USD |
0.65745 |
0.6574 |
0.6575 |
CAD / USD |
1.36635 |
1.3663 |
1.3664 |
CHF / USD |
0.9096 |
0.9093 |
0.9099 |
DKK / USD |
0 |
0 |
0 |
EUR / USD |
1.0734 |
1.0732 |
1.0736 |
GBP / USD |
1.255 |
1.2548 |
1.2552 |
HKD / USD |
7.81215 |
7.812 |
7.8123 |
JPY / USD |
153.035 |
153.02 |
153.05 |
NOK / USD |
0 |
0 |
0 |
SEK / USD |
0 |
0 |
0 |
SGD / USD |
1.353 |
1.3526 |
1.3534 |
The currency rates given herein are only for reference and convenience. The bank has taken due care and caution in compilation of data given herein. The bank however does not guarantee the accuracy, adequacy or completeness of the data and is not responsible for any errors or omissions or for the results obtained from use of such information / data. The bank has no financial liability whatsoever to any user on account of the use of information / data provided in this page.