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 Aug 28 ~ 16:00 - Indian Standard Time.
Trend Indicators against INR
- - - - - - - - - - - - - - - - USD-----------------EURO----------GBP
Today range ----60.30/60.55---------------------------
& current month-59.50/61.75--------------------
The Indian rupee ended steady on Wednesday as optimism over continued foreign investments in domestic markets was offset by caution ahead of key indicators this week, including economic growth data. The Rupee closed at 60.45/46 against the Tuesday’s close of 60.43/44.
SPOT/INR :: The Indian rupee opened stronger at 60.39/40, tracking gains in other Asian currencies. Most Asian currencies are trading stronger and Nifty futures in Singapore trade up 0.2 percent.
FORWARD PREMIUM:Forward dollar/rupee premium are likely to take cues from the spot.
GLOBAL DEVELOPMENTS :The euro clung onto modest gains early on Thursday, having snapped three straight sessions of declines as feverish speculation of an imminent round of easing by the European Central Bank cooled. The ECB is unlikely to take new policy action next week unless inflation figures on Friday show the euro zone sinking significantly towards deflation. That prompted investors to trim very bearish euro positions, pushing the common currency briefly above $1.3200 from a near one-year low of $1.3152. It last traded at $1.3193. The rebound in the common currency knocked the dollar index off a 13-month peak. It was last at 82.462, down from the high of 82.727. Market participants generally expect the currency market to settle into a slim trading range in the lead up to the euro zone inflation figures on Friday, which are expected to show the annual rate dipping to 0.3 percent in August from 0.4 percent. Preliminary German inflation data due later Thursday will be closely watched to gauge how soft the euro zone numbers could be. An update to second quarter U.S. growth data should also garner some attention, although the report should affirm the economy had rebounded sharply from the first quarter.
TODAY'S ECONOMIC DATA : Germany Unemployment Rate for Aug at 13.25 IST, Italy Retail Sales for June at 13.30 IST, Euro Zone Business Climate for Aug at 14.30 IST, Euro Zone Economic Sentiment for Aug 14.30 IST, Italy Business confidence for Aug at 14.30 IST, Germany CPI Preliminary for Aug at 17.30 IST, U.S. GDP for Q2 at 18.00 IST, U.S. Jobless claim at 18.00 IST.
NEAR TERM OUTLOOK FOR RUPEE :The Rupee is expected to continue as stronger as our Whole Price Index-based inflation for July eased to 5.19 % from 5.43 % for June.
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.
|Currency||For Export||For Import||Month||For Export||For Import|
|Indicative Rates||Indicative Forward Rates|
|Indicative Cross Rates||SEP 2014||60.75||61.28|
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, August 28, 2014 - 10:48 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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