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 ~ 12:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar67.040067.0600
Euro74.200074.4500
GB Pounds88.300088.5500

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -67.16/67.3575----73.49/74.13-----87.94/88.61-------
Today's opening--67.41/67.42------73.93/74.17-----88.27/88.51------
Today range ------67.30/67.60-----------------------------------------------
& current month--66.50/67.80----------------------------------------------


The Indian rupee fell to a two-week low of 67.3450/67.3550 per dollar as against its previous close of 67.08/67.09, tracking losses in regional peers, after strong US.economic data raised hopes of a rate hike in the world’s biggest economy later this year.

SPOT/INR:The Indian rupee opened weaker at 67.41/42 against US Dollar, in line with most Asian peers, as caution ahead of policy meetings by the U.S. Federal Reserve and Bank of Japan this week weighed on risk appetite.

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

GLOBAL DEVELOPMENTS:Caution gripped Asian markets on Tuesday, sending the safe-haven yen scampering higher ahead of central bank meetings in the United States and Japan, while a fresh skid in oil dampened energy stocks. Dealers cited doubts the Bank of Japan would offer any meaningful new stimulus at its policy meeting on Friday. Expanded asset purchases or a further rate cut into negative territory were possible, but the extent of actual stimulus provided would depend on how they were implemented. Markets see almost no chance of a hike by the Fed after its meeting on Wednesday, but are wary in case it acknowledges a recent improvement in U.S. economic data in a way that adds to the risk of a move later in the year. Fed fund futures imply a 56 percent chance of a rate hike in December, up from 48 percent on Friday. The uncertainty kept the dollar range-bound on the euro around $1.0990. The pound slipped to $1.3103, from around $1.3140 late in New York, but has chart support in the $1.3060/76 zone. On Wall Street, the Dow Jones Industrial Average had ended Monday with a mild loss of 0.42 percent, while the S&P 500 dipped 0.3 percent and the Nasdaq 0.05 percent. In commodities, oil languished near three-month lows as a global glut of crude and refined products weighed on markets.

TODAY'S ECONOMIC DATA:US Rich Fed, services index, Rich Fed Mfg Shipments @ 19.30 IST, US Texas Serv Sect Outlook @20.00 IST, Dallas Fed Services Reve @ 20.00 IST.


NEAR TERM OUTLOOK FOR RUPEE:The near term range has shifted higher with immediate Resistance now at 67.60 and the psychologically 66.80 acting as a strong support.


POSITIVE FACTORS FOR RUPEE:
1.US ban lifted on Iran .


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
USD67.4167.42JULY 201667.4167.47
Indicative Cross RatesAUG 201667.4167.85
GBP1.30671.3162SEP 201667.7768.19
EUR1.09411.1035OCT 201668.1168.50
JPY105.25104.39NOV 201668.4368.87
CHF0.99020.9822DEC 201668.8069.18

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 Thursday, July 28, 2016 - 10:24 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
EURO73.73737573.6675.0174.91
POUND STERLING88.1988.2188.1289.4089.28
USD66.9066.9266.8367.4067.32
CAD50.4750.4750.4051.6251.59
SWISS FRANC67.0967.0967.0268.7568.74
HKD8.588.598.518.798.75
JPY63.0563.0562.9864.5564.54
SGD48.8548.8548.7850.3950.7
AUD49.7749.7949.7051.4351.59
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR73.1175.3873.3175.33
GBP87.3489.8287.5489.62
USD66.3168.0666.7467.39

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, 2016 to Jul 31, 2016.
USD2.20%2.28%3.08%2.92%3.03%
GBP1.96%2.08%2.84%2.62%2.67%
EUR1.31%1.29%2.07%1.84%1.92%
CAD2.43%2.41%3.18%2.96%2.99%
AUD3.34%3.30%4.06%4.00%4.02%
JPY1.43%1.37%2.09%1.84%1.85%
CHF0.73%0.67%1.42%1.21%1.27%

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