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 May 30 ~ 17:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar67.160067.1800
Euro74.750075.0000
GB Pounds98.000098.2500

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -67.3150/67.5050----75.37/75.79-----97.84/98.56-------
Today's opening--67.30/67.31------75.40/75.80-----97.48/97.90------
Today range ------67.10/67.50-----------------------------------------------
& current month--66.40/67.90----------------------------------------------


The Indian rupee closed weaker against U.S. dollar, as rising expectations of an early rate increase by the U.S. Federal Reserve boosted the greenback. The rupee closed at 67.44/45 against the previous day close of 67.36/37.

SPOT/INR:The Indian rupee opened stronger at 67.30/31 against the U.S. Dollar, tracking most of its Asian peers, as the greenback slipped against the yen after Japan reported better than expected trade data for April.

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

GLOBAL DEVELOPMENTS:Asian shares rose on Monday after a solid session on Wall Street, while the dollar moved away from recent highs though remained supported as investors bet that the U.S. Federal Reserve was on track to raise rates sooner rather than later. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, after U.S. shares rallied on Friday, shrugging off growing expectations of further tightening in monetary policy. By contrast, markets have started to entertain the prospect of a near term U.S. rate hike after last week's release of Fed meeting minutes showed that policymakers weren't shying away from raising interest rates as early as next month. The probability for a June rate hike rose from around 4 percent at the start of the week to 30 percent on Friday, according to CME Group's FedWatch site. Futures markets are predicting two rate increases this year as opposed to just one as recently as last week. On the U.S. data front, home resales rose more than expected in April, suggesting the economy continues to gather pace during the second quarter. The dollar index, which tracks the greenback against a basket of six rival currencies, edged down 0.1 percent to 95.224 after gaining 0.8 percent last week. It stood within sight of Thursday's high of 95.520, its strongest since March 29.The euro was nearly flat at $1.1227, not far above its Thursday low of $1.1180, its weakest since March 29. U.S. crude CLc1 fell 0.5 percent to $48.18 a barrel in early Asian trade, while Brent shed 0.3 percent to $48.59.Spot gold edged up 0.2 percent to $1,254.60 per ounce, getting a reprieve from the weaker dollar after declining for three days in a row and notching nearly three-week lows.

TODAY'S ECONOMIC DATA:France Markit Mfg Flash PMI data at 12.30 IST, Germany Makit Mfg Flash PMI data at 13.00 IST, Eurozone Makit Mfg Flash PMI data at 13.30 IST.


NEAR TERM OUTLOOK FOR RUPEE:The near term range has shifted lower with immediate resistance now at 66.90 and the psychologically 66.40 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
USD67.6367.64MAY 201667.6367.73
Indicative Cross RatesJUNE 201667.6668.09
GBP1.45611.4656JULY 201668.0168.43
EUR1.11061.1200AUG 201668.3568.81
JPY110.43109.57SEP 201668.7469.16
CHF0.99610.9880OCT 201669.0869.48

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, May 27, 2016 - 9:59 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
EURO74.4374.4574.3675.7375.63
POUND STERLING97.8297.8497.7599.0798.95
USD66.8766.8966.8067.3767.29
CAD50.9750.9750.9052.1352.10
SWISS FRANC66.7566.7566.6868.4168.40
HKD8.568.578.498.768.73
JPY60.0760.0760.0061.5061.49
SGD48.0048.0047.9349.5349.51
AUD47.7547.7747.6849.4049.37
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR73.8176.1074.0176.05
GBP96.9799.4997.1799.29
USD66.2868.0366.7167.36

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 May 01, 2016 to May 31, 2016.
USD2.30%2.42%3.29%3.15%3.26%
GBP2.14%2.37%3.21%3.05%3.14%
EUR1.38%1.37%2.17%1.97%2.06%
CAD2.48%2.54%3.32%3.12%3.18%
AUD3.58%3.54%4.33%4.39%4.39%
JPY1.46%1.40%2.14%1.91%1.95%
CHF0.85%0.82%1.58%1.39%1.46%

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