Forex Analysis Report

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Forex Analysis Report

Get to see the latest forex market movement trends updated many times a day during forex trading hours. International Forex Market Trends and Market Analysis Report provided by our professional forex trade dealing professionals and research team for the benefit of all our forex customers.

International Forex Market Trends and Rates for USD, Euro and Pounds provided below was last updated on Apr 26 ~ 17:00 - Indian Standard Time.

Latest Inter Bank Rates (Updated Every 15-30 Minutes)

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar66.750066.7700
Euro81.230081.4800
GB Pounds93.100093.3500

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day------65.99/66.10-----81.16/81.36-----92.58/92.83------
Today's opening---66.16/66.17------81.18/81.21-----92.74/92.77-----
Today range ------66.00 to 66.30-----------------------------------------
& current month--65.30 to 66.50-----------------------------------------


The Indian rupee ended weaker at 66.09/10 against dollar from its previous close of 65.79/80, after the nation’s trade gap widened to a five year high, while global crude oil prices surged to a more than three year high.

SPOT/INR: Spot/Rupee:The Indian rupee opened weaker at 66.16/17 against US dollar, as Treasury yields rose, boosting the US currency to two week highs.

FORWARD PREMIUM: Forward dollar/rupee premium are likely to take cues from the spot.

GLOBAL DEVELOPMENTS:Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world's largest corporations, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past. On the geopolitical front, U.S. President Donald Trump said on Sunday the North Korean nuclear crisis was a long way from being resolved, striking a cautious note a day after the North pledged to end its nuclear tests. Oil prices edged down in early trade but were not far from their highest since late 2014. The market had wobbled on Friday when Trump tweeted criticism of OPEC's role in pushing up global prices, but quickly steadied. The spike in oil has driven up both market expectations of future inflation and long-term bond yields. Yields on 10-year Treasuries finished last week at the highest since early 2014 and at 2.966 percent were again challenging the hugely important 3 percent barrier. Traditionally the dollar had a slight negative correlation with oil, mostly because the dominant causation goes from dollar weakness to rising oil prices. Traditionally the dollar had a slight negative correlation with oil, mostly because the dominant causation goes from dollar weakness to rising oil prices. If oil helps push the 10 year yield into new terrain for this cycle, this will play at least mildly USD positive in a change of correlation. The currency was last at 107.77 yen and testing major resistance in the 107.90/108.00 zone which has held solid since mid-February. The dollar index edged up to 90.369, and further away from last week's low at 89.229. Investors are awaiting the European Central Bank's policy meeting on Thursday amid talk policy makers feel it is still too early to announce a timetable for winding down its bond buying. ECB chief Mario Draghi on Friday said he was confident that the inflation outlook has picked up, but uncertainties "warrant patience, persistence and prudence.

France CPI @ 12.15, Europe Industrial Production @ 15.30, India CPI data @ 17.30, US Jobless data @ 18.00.

POSITIVE FACTORS FOR RUPEE:
1. Continuous foreign fund flows, Domestic Political Stability and USD weakness.

FACTORS AGAINST RUPEE:
1. Demand from importers. (Oil & Defence), Continuous geopolitical tensions & expected USFED monetary tightening

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD66.1766.18APR 201866.1666.22
Indicative Cross RatesMAY 201866.1666.49
GBP1.39741.4065JUNE 201866.4066.70
EUR1.22281.2320JULY 201866.6166.94
JPY108.26107.37AUG 201866.8567.17
CHF0.97980.9710SEPT 201867.0767.38

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 own risks and no objection arises to TMB or any of its officials. All such trading involves risks.

Card Rates:

Exchange Rates Information last updated in part or full on Monday, April 23, 2018 - 10:20 am (GMT +05:30:00) for ready transactions. All quotations are per unit of Foreign Currency (Japanese Yen in 100 Units).

Current Card Rates Table
CurrencyTTBillsCheqsBillsTT
Foreign CurrencyBuyingSelling
USD65.6965.7165.6266.1966.11
GBP92.9792.9992.9094.294.08
EUR80.9680.9880.8982.2782.17
JPY60.4060.4060.3361.8661.85
AUD50.6750.6950.6052.3252.29
CAD51.5251.5251.4552.7052.67
CHF67.0367.0366.9668.7168.70
SGD49.4949.4949.4251.0651.04
AED17.8517.8718.0518.02
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD65.1066.8565.5366.18
GBP92.1294.6292.3294.42
EUR80.3482.6480.5482.59

Prime Rates:

Prime Rates for US Dollar w.e.f. December 18, 2008 is 3.25%

Interest Rates on FCNR-B Deposits

Table showing currently offered interest rates on FCNR-B Deposits
Currency1y - <2y2y - <3y3y - <4y4y - <5y5y
  • Above Interest Rates applicable from Apr 01, 2018 to Apr 30, 2018.
USD3.65%3.78%4.11%4.37%4.40%
GBP2.19%2.38%2.75%3.02%3.07%
EUR0.99%1.10%1.53%1.91%2.08%
CAD2.61%2.74%2.85%2.91%2.94%
AUD2.47%2.56%2.67%2.93%3.02%
JPY1.29%1.31%1.58%1.79%1.81%
CHF0.65%0.74%1.16%1.51%1.64%

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