Forex Analysis Report
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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 31 ~ 17:00 - Indian Standard Time.
Latest Inter Bank Rates (Updated Every 15-30 Minutes)
| Currency | Buy | Sell |
|---|---|---|
| ||
| US Dollar | 60.5500 | 60.5700 |
| Euro | 80.9000 | 81.1500 |
| GB Pounds | 102.0000 | 102.2500 |
Market Trend Analysis - INR / USD / EURO / GBP
Trend Indicators against INR
- - - - - - - - - - - - - - - - USD-----------------EURO----------GBP
Previous day----60.20/60.57-----80.42/81.05----101.51/102.22--------------
Today's opening-60.74/60.75--81.31/80.41---102.48/102.58-------------------
Today range ----60.40/60.80---------------------------
& current month-59.50/61.20--------------------
The Indian rupee slumped to a three-month low on Thursday, hurt by a rally in the dollar in global markets that helped spur state-run banks into buying greenbacks for corporate-and defence-related payments. The Rupee closed at 60.55/56 against the Wednesday’s close of 60.06/07.
SPOT/INR :: The Indian rupee opened weaker at 60.74/75 as dollar posts its best monthly performance in over a year against Major currencies.
FORWARD PREMIUM:Forward dollar/rupee premium are likely to take cues from the spot.
GLOBAL DEVELOPMENTS :Asian Shares pared losses on Friday as data showing a surprisingly strong pick up in Chinese manufacturing helped take some of the sting out of a slump on Wall Street. The official measure of industrial activity(PMI) rose to 51.7 in July from 51.0 in June beating forecasts of 51.4 and the highest in 27 months. The survey added to evidence that Beijing stimulus efforts were gaining traction in the world’s second largest economy, and followed news that growth in the United States had rebounded from a winter lull. Yet Japan’s Nikkei did recoup some of its early losses to be down just 0.2 percent, while the broader Topix dipped 0.4 percent. Some had blamed the swoon on data showing that U.S. labour costs recorded their biggest gain in more than 5-1/2 years and stoking speculation the Federal Reserve could raise interest rates sooner than previously thought. The dollar bought 102.86 Yen on Friday, after peaking at a four-month high of 103.15. The euro traded at $1.3388 still uncomfortably close to the nine-month trough of $1.3366 plumbed earlier in the week. Oil price also took a spin amid signs of plentiful supply, which has potentially positive implications for global inflation and economic growth. U.S. crude oil fell to its lowest since March around $97.66 a barrel while Brent was off 21 cents at $105.81.
TODAY'S ECONOMIC DATA :France Markit PMI for Jul at 13.20 IST, Germany Markit PMI for Jul at 13.25 IST, Euro Zone Markit PMI for Jul at 13.30 IST, U.K. Markit PMI for Jul at 14.00 IST, U.S. Non-farm payrolls for Jul at 18.00 IST.
NEAR TERM OUTLOOK FOR RUPEE :The Rupee is expected to continue stronger as our Consumer Price Index-based inflation for June eased to 7.31 % from 8.28 % in May.
POSITIVE FACTORS FOR RUPEE:
1. Heavy inflows in both equity and debt markets.
2. New Central Government Reforms .
3. Maintenance of EEFC accounts at 100% on certain conditions
FACTORS AGAINST RUPEE:
1.Demand from importers. (Oil & Defence).
2.Geo-political situation in Iraq.
Indicative / Forward / Cross Rates:
| Currency | For Export | For Import | Month | For Export | For Import |
|---|---|---|---|---|---|
| Indicative Rates | Indicative Forward Rates | ||||
| USD | 60.74 | 60.75 | AUG 2014 | 60.74 | 61.12 |
| Indicative Cross Rates | SEP 2014 | 61.04 | 61.58 | ||
| GBP | 1.6829 | 1.6923 | OCT 2014 | 61.55 | 62.01 |
| EUR | 1.3343 | 1.3435 | NOV 2014 | 61.94 | 62.40 |
| JPY | 103.33 | 102.45 | DEC 2014 | 62.33 | 62.86 |
| CHF | 0.9131 | 0.9045 | JAN 2015 | 62.79 | 63.30 |
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 Friday, August 01, 2014 - 10:30 am (GMT +05:30:00) for ready transactions. All quotations are per unit of Foreign Currency (Japanese Yen in 100 Units).
| Currency | TT | Bills | Cheqs | Bills | TT |
|---|---|---|---|---|---|
| Foreign Currency | Buying | Selling | |||
| EURO | 80.77 | 80.79 | 80.70 | 82.08 | 81.98 |
| POUND STERLING | 101.98 | 102.00 | 101.91 | 103.25 | 103.13 |
| USD | 60.58 | 60.60 | 60.51 | 61.08 | 61.00 |
| CAD | 54.97 | 54.97 | 54.90 | 56.28 | 56.25 |
| SWISS FRANC | 65.84 | 65.84 | 65.77 | 67.57 | 67.56 |
| HKD | 7.77 | 7.78 | 7.70 | 7.97 | 7.94 |
| JPY | 58.12 | 58.12 | 58.05 | 59.59 | 59.58 |
| SGD | 47.87 | 47.87 | 47.80 | 49.45 | 49.43 |
| AUD | 55.83 | 55.85 | 55.76 | 57.47 | 57.44 |
| Currency | CCY Buying | CCY Selling | TC Buying | TC Selling |
|---|---|---|---|---|
| EUR | 80.15 | 82.45 | 80.35 | 82.40 |
| GBP | 101.13 | 103.67 | 101.33 | 103.47 |
| USD | 59.99 | 61.74 | 60.42 | 61.07 |
Prime Rates:
Prime Rates for US Dollar w.e.f. December 18, 2008 is 3.25%
Interest Rates on FCNR-B Deposits
| Currency | 1y - <2y | 2y - <3y | 3y - <4y | 4y - <5y | 5y |
|---|---|---|---|---|---|
| |||||
| USD | 2.55% | 2.58% | 4.01% | 4.39% | 4.68% |
| GBP | 3.04% | 3.34% | 4.71% | 4.98% | 5.18% |
| EUR | 2.44% | 2.33% | 3.40% | 3.51% | 3.67% |
| CAD | 3.50% | 3.45% | 4.64% | 4.81% | 4.99% |
| AUD | 4.66% | 4.78% | 5.93% | 6.15% | 6.31% |
| JPY | 2.33% | 2.18% | 3.19% | 3.22% | 3.28% |
| CHF | 2.19% | 2.10% | 3.14% | 3.22% | 3.33% |
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