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 29 ~ 17:00 - Indian Standard Time.
Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Today range ------63.80/64.25-----------------------------------------------
& current month--63.50/64.70----------------------------------------------
The Indian rupee fell to a near two week low against the U.S. dollar, as month-end demand for the greenback from crude oil importers hurt the local currency. The rupee closed at 64.01/02 against the previous day close of 63.98/99.
SPOT/INR:The Indian rupee opened little stronger at 63.98/99 against the U.S. dollar, tracking its Asian peers, as positive U.S. economic data further supported Federal Reserve rate increase expectations, lifting demand for the greenback.
FORWARD PREMIUM: Forward dollar/rupee premium are likely to take cues from the spot.
GLOBAL DEVELOPMENTS:Asian shares edged up on Thursday on vague hopes of a rescue deal for Greece while the dollar was at the helm in currency markets on expectations that the U.S. Federal Reserve will raise rates later this year. Japan's Nikkei rose 0.6 percent while MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, with South Korean shares .KS11 leading the gain with a rise of 0.5 percent. But German Finance Minister Wolfgang Schaeuble said there was not much progress in the debt talks and that he was surprised by the upbeat tone from some Greek government officials. Uncertainty over whether Greece can get support so it is able to meet its payments to the International Monetary Fund on June 5 could keep investors cautious for now. The U.S. currency hit an eight-year high against the yen on Wednesday, rising to 124.09 yen, not far from its 2007 peak of 124.14. It last stood at 123.73 yen. Many investors expect the Bank of Japan to take additional easing steps later this year, when the Fed is expected to start raising rates. The dollar's index versus a basket of six major currencies hit a one-month high of 97.775 =USD .DXY on Wednesday before easing back slightly to 97.327, as the euro recovered from lows on hopes of a deal for Greece. The euro changed hands at $1.0893 EUR=, off its one-month low of $1.0819 touched on Wednesday. The dollar's strength helped drive down oil prices by three percent overnight. Brent crude futures fell to $61.96 per barrel, a one-month low. They last stood at $62.36.
TODAY'S ECONOMIC DATA:DE Import pricess mm data at 11.30 IST, CH Industrial Orders data at 12.45 IST, IT Business Condidence data at 13.30 IST, IT Consumer Confidence data at 13.30 IST, GB GDP 2nd Release QQ data at 14.00 IST, EX Business Sentiment data at 14.30 IST, US Initial Jobless Claims data at 18.00 IST, US Pending Homes index data at 19.30 IST
NEAR TERM OUTLOOK FOR RUPEE:The Rupee is expected to continue as little stronger 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.
|Currency||For Export||For Import||Month||For Export||For Import|
|Indicative Rates||Indicative Forward Rates|
|Indicative Cross Rates||JUL 2015||64.20||64.61|
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.
Exchange Rates Information last updated in part or full on Thursday, May 28, 2015 - 10:51 am (GMT +05:30:00) for ready transactions. All quotations are per unit of Foreign Currency (Japanese Yen in 100 Units).
|Currency||CCY Buying||CCY Selling||TC Buying||TC Selling|
Prime Rates for US Dollar w.e.f. December 18, 2008 is 3.25%
|Currency||1y - <2y||2y - <3y||3y - <4y||4y - <5y||5y|
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