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 Dec 22 ~ 17:00 - Indian Standard Time.
Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - EURO - - - - - - GBP - - - - - - - -
Today range ------63.00/63.50-----------------------------------------------
& current month--62.30/64.40-----------------------------------------------
Indian bonds and the rupee weakened on Friday to post their worst weekly falls since August as sentiment remained subdued after a volatile week marked by concerns about financial contagion from the tumbling Russian rouble. The rupee closed at 63.29/30 against the Thursday’s close of 63.11/12.
SPOT/INR: The Indian rupee opened weaker 63.30/31 against the dollar, tracking the Asian currencies trading mixed versus dollar. Nifty futures traded in Singapore up 0.4 pct. Euro off to shaky start in subdued market, dollar holds strong.
FORWARD PREMIUM: Forward dollar/rupee premium are likely to take cues from the spot.
GLOBAL DEVELOPMENTS: Asian shares and the dollar began a holiday-shortened week on a strong footing on Monday, with the euro testing two-year lows against the greenback on divergent monetary policy expectations. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 percent in early trade, while Japan’s Nikkei stock average was up 0.4 percent ahead of a Japanese holiday on Tuesday. US data over the next three weeks are likely to underline the outperformance of the US economy and provide broad support for the dollar. On Wall Street on Friday US shares rose, with S&P500 coming within a few points of its closing record high. That index gained 5 percent since Wednesday to log its best three-day gains since 2011, after the U.S Federal Reserve said it would be “patient” on raising benchmark U.S interest rates, depending on domestic growth and inflation. The euro edged down to $1.2224 dropping as low as $1.2220 earlier, its lowest level since August 2012. Against the yen, it edged slightly up to 146.07 but remained a considerable distance from a six-year high of 149.79 touched earlier in December. Against the yen, the dollar was flat on the day at 119.50 still well off a 7-1/2year high of 121.86 touched this month but off last week’s low of 115.56 marked before the Fed’s statement. Oil took a breather on Monday after its recent gyrations, with US crude edging up 0.1 percent to $57.20 a barrel, following a week in which it shed 2 percent lower to extending its recent rout that has nearly halved its value since June.
TODAY'S ECONOMIC DATA: Great Britain consumer confidence data at 5.30 IST, Germany consumer sentiment data at 12.30 IST, France Business climate data at 13.15 IST, Euro Zone current account data at 14.30 IST, Italy Industrial order data at 14.30 IST, Canada CPI data at 19.00 IST, US Fed manufacturing data at 21.30 IST
NEAR TERM OUTLOOK FOR RUPEE: The Rupee is expected to continue as weaker upbeat US data and foreign funds outflows.
POSITIVE FACTORS FOR RUPEE:
1. Heavy inflows in both equity and debt markets.
FACTORS AGAINST RUPEE:
1. Demand from importers. (Oil & Defence)
2. Geo-political situation in Iraq.
3. Current Account deficit.
|Currency||For Export||For Import||Month||For Export||For Import|
|Indicative Rates||Indicative Forward Rates|
|Indicative Cross Rates||JAN 2015||63.38||63.86|
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 Monday, December 22, 2014 - 10:09 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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