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 Rates for USD, Euro and Pounds provided below was last updated on Apr 18 ~ 11:30 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar69.400069.4100
Euro78.300078.5500
GB Pounds90.430090.6800

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Tuesday, April 16, 2019 - 10:25 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - - - -USD - - - - - - - - - EURO - - - - - - - -GBP - - - - - -
Previous day----------69.04/69.45-------78.06/78.44------90.37/90.86-------
Today's opening------69.54/69.55-------78.56/78.59------91.00/91.03--------
Today range --------69.30 to 69.80------------------------------------------------
& Current month----68.00 to 70.00-----------------------------------------------


The Indian rupee opened weaker against the dollar at 69.54/55, after trade deficit in Asia's
third largest economy widened more than expected in March.


SPOT/INR:
The Indian rupee ended weaker at 69.42/43 against dollar from its previous close of
69.15/16, as oil and other importers stepped up mid month greenback purchases.


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

GLOBAL DEVELOPMENTS:
Asian stocks hovered below a nine-month high on Tuesday after disappointing bank
earnings dented Wall Street, though recent signs that the global economy is likely to avoid
a sharper downturn helped limit the losses. MSCI's broadest index of Asia-Pacific shares
outside Japan was little changed by mid-morning. The index had risen to its highest level
since July 2018 the previous day after strong export and banking data from China last
week eased investors' concerns about the health of the world's second-largest economy.
Expectations that Chinese and U.S. trade negotiators would strike a deal soon also lifted
market confidence. The Shanghai Composite Index lost 0.1 percent. South Korea's KOSPI
fell 0.1 percent, Australian stocks added 0.5 percent. Japan's Nikkei edged up 0.2 percent.
The U.S.-China trade dispute, signs of slowing global corporate earnings and business
investment have all put pressure on riskier assets in the past year, so investors have been
quick to lap up positive news. Wall Street lost ground on Monday, dragged down as
underwhelming bank earnings curbed investor enthusiasm. But while all three major U.S.
stock indexes edged lower, the S&P 500 remained within a percent of its record high. The
10-year U.S. Treasury yield was at 2.550 percent, edging back from a four-week high of
2.574 percent reached on Monday. Spot gold was a shade lower at $1,286.21 an ounce
and headed for its fourth straight days of losses. U.S. West Texas Intermediate crude
futures were down 0.15 percent at $63.30 per barrel after losing nearly 0.8 percent the
previous day. U.S. crude had scaled a five-month high of $64.79 earlier this month. Oil had
rallied on tightening global supplies, as output has fallen in Iran and Venezuela amid signs
the United States will further toughen sanctions on those two OPEC producers, and on the
threat that renewed fighting could stop production in Libya. The dollar, which tends to
underperform when risk appetite increases, was steady at 96.980 against a basket of six
major currencies, extending overnight losses. The euro dipped 0.05 percent to $1.1297 and
the dollar shed 0.1 percent to 111.94 yen. The Australian dollar fell 0.4 percent to $0.7146
after minutes from a policy meeting this month showed that the country's central bank
thought a cut in interest rates would be appropriate should inflation stay low and
unemployment trend higher.
MARKET INDICATORS: Germany Industrial Orders MM @ 12:30, USA Non-Farm Payrolls @ 19:00 and Canada Unemployment rate @ 19:00.

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

FACTORS AGAINST RUPEE:
1. Demand from importers. (Oil & Defence),
2. Due to Geopolitical Tensions and Trade war between US and China

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD69.5469.55APR 201969.5469.71
Indicative Cross RatesMAY 201969.6270.01
GBP1.30451.3136JUN 201969.9270.25
EUR1.12561.1347JUL 201970.1670.52
JPY112.41111.52AUG 201970.4370.75
CHF1.00820.9997SEP 201970.6670.99

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 Tuesday, April 16, 2019 - 10:25 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
USD69.3869.4069.3169.8869.80
GBP90.5190.5390.4491.7491.62
EUR78.0378.0577.9679.3479.24
JPY61.2161.2161.1462.6462.63
AUD49.0549.0748.9850.7250.69
CAD51.3551.3551.2852.4952.46
CHF68.3168.3168.2469.9769.96
SGD50.6050.6050.5352.1552.13
AED18.8518.8719.0519.02
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD68.7970.5469.2269.87
GBP89.6692.1689.8691.96
EUR77.4179.7177.6179.66

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, 2019 to Apr 30, 2019.
USD3.83%3.61%3.78%3.95%3.96%
GBP2.12%2.22%2.51%2.75%2.79%
EUR1.03%1.05%1.38%1.64%1.74%
CAD2.72%2.39%2.35%2.35%2.38%
AUD2.12%2.03%2.02%2.19%2.25%
JPY1.25%1.22%1.45%1.66%1.67%
CHF0.61%0.61%0.92%1.19%1.28%

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