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 Jul 29 ~ 09:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar63.870063.8900
Euro70.700070.9500
GB Pounds99.650099.9000

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day----63.88/64.05-------69.85/70.28-----98.83/99.38-------
Today's opening--64.07/64.08------70.44/70.68-----99.41/99.66------
Today range ------63.90/64.20-----------------------------------------------
& current month--62.90/64.30----------------------------------------------


The Indian rupee ended weaker against the US Dollar, as expectations of a September interest rate increase from the Federal Reserve after upbeat U.S. economic data drove demand for the dollar. The rupee closed at 64.0350/0450 against the previous day close of 63.76/77.

SPOT/INR:The Indian rupee opened weaker at 64.07/08 against the U.S. dollar, tracking its Asian peers, as an unexpected slump in U.S. new home sales hurt demand for the greenback ahead of the Federal Reserve’s two-day policy meeting.

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

GLOBAL DEVELOPMENTS:Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates. Both copper and the Thomson Reuters CRB commodities index hit their lowest in six years. The Fed's policy-setting Open Market Committee meets on Tuesday and Wednesday and is considered highly unlikely to lift interest rates just yet, though it does still seem set on a move in September. Expectations of a hike has slowly pushed up U.S. Treasury yields and widened the dollar's premium over the euro. The single currency was a shade firmer at $1.0990 on Monday, but not far from recent lows around $1.0810. The dollar was 0.1 percent lower against a basket of currencies at 97.146. It was steady on the yen at 123.68 having spent the past few sessions wandering aimlessly between 123.54 and 124.48. A first estimate of U.S. economic growth for last quarter is due on Thursday and is expected to show a rebound of 2.7 percent annualized, from the first quarter's weather-induced contraction. The Dow ended Friday down 0.92 percent, while the S&P 500 lost 1.07 percent and the Nasdaq 1.12 percent. For the week, the Dow fell 2.9 percent while the S&P 500 lost 2.2 percent and the Nasdaq 2.3 percent. Wall Street has been weighed in part by concerns that a high U.S. dollar and sluggish global demand was pressuring corporate profits, a theme that should wend its way through this week's busy diary of earnings. In the energy market, Brent crude was quoted 5 cents lower at $54.57 a barrel and near its lowest since March. U.S. crude was off 11 cents at $48.03. Gold seemed to have steadied after its recent slide, with spot bullion XAU= at $1,097.90 an ounce.

TODAY'S ECONOMIC DATA:Germany Import Prices (MM & YY) at 11.30 IST, Germany IFO Current Conditions and Ifo Expectations at 13.30 IST, Eurozone Money M3 Annual Growth and Money M3 Annual Growth data at 13.30 IST, US Durable Goods at 18.00 IST, US Durables Ex- Transport at 18.00 IST, US Ex-Defense MM at 18.00 IST.


NEAR TERM OUTLOOK FOR RUPEE:The Rupee is expected to continue as weaker against greenback.


POSITIVE FACTORS FOR RUPEE:
1. Heavy inflows in both equity and debt markets.


FACTORS AGAINST RUPEE:
1. Demand from importers. (Oil & Defence)
2. Current Account deficit.
3.Fed's interest rate hike

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD64.0764.08JUl 201564.0764.15
Indicative Cross RatesAUG 201564.0864.53
GBP1.54721.5567SEPT 201564.4664.91
EUR1.09571.1051OCT 201564.8465.29
JPY123.92123.07NOV 201565.2165.67
CHF0.96460.9561DEC 201565.6066.06

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, July 27, 2015 - 9:56 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
EURO69.9769.9969.9071.2471.14
POUND STERLING98.9298.9498.85100.17100.05
USD63.9163.9363.8464.4164.33
CAD48.5748.5748.5049.7149.68
SWISS FRANC65.7565.7565.6867.4267.41
HKD8.208.218.138.408.37
JPY51.0751.0751.0052.3552.34
SGD46.0246.0245.9547.5447.52
AUD46.0746.0946.0047.7047.67
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR69.3571.6169.5571.56
GBP98.07100.5998.27100.39
USD63.3265.0763.7564.40

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 Jul 01, 2015 to Jul 31, 2015.
USD2.51%2.90%4.26%4.54%4.78%
GBP2.74%3.13%4.39%4.58%4.72%
EUR2.08%2.12%3.24%3.37%3.52%
CAD3.10%3.01%4.13%4.27%4.44%
AUD4.13%4.22%5.35%5.62%5.79%
JPY2.15%2.16%3.19%3.24%3.30%
CHF1.23%1.27%2.40%2.57%2.76%

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