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 Oct 15 ~ 16:30 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar73.810073.8300
Euro85.520085.7700
GB Pounds97.120097.3700

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Monday, October 15, 2018 - 11:11 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day------73.53/73.85-----85.03/85.13-----96.71/97.08------
Today's opening---73.81/73.82------85.61/85.64-----97.65/97.68-----
Today range ------73.60 to 74.00-----------------------------------------
& current month--73.00 to 74.80-----------------------------------------


The Indian rupee ended weaker at 73.56/57 against dollar from its previous close of 74.12/13, tracking corresponding dollar strength after China eased its domestic policy on reserve requirement ratio over the weekend.

SPOT/INR: The Indian rupee opened stronger against the dollar at 73.90/91, helped by a Chinese Yuan-led recovery in regional currencies.

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

GLOBAL DEVELOPMENTS:Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week. Not helping the mood, oil prices jumped and Saudi Arabian shares tumbled on rising diplomatic tensions between Riyadh and the West after the monarchy warned against threats to punish it over disappearance of a journalist critical of its policies. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 percent while Shanghai shares were down 0.4 percent in early trade. Japan's Nikkei dropped 1.4 percent, with carmaker shares hitting 13-month lows after Washington said it would seek a provision about currency manipulation in future trade deals with Japan. MSCI's broadest gauge of the world's stock markets was off 0.2 percent after a sizable 3.87 percent decline last week - its biggest since March - to a one-year nadir. The market shakeout has been blamed on a series of factors, including worries about the impact of a U.S.-China trade war, a spike in U.S. bond yields this week and caution ahead of earnings season. Although selling appeared to have abated on Friday, partly after Chinese trade data showed strong growth in September, many investors remained cautious. U.S. President Donald Trump has threatened severe punishment if it turns out Khashoggi was killed while many company executives have cancelled their plans to attend a Saudi investor conference later this month. Investors suspect the latest development could undermine the leadership of Crown Prince Mohammed bin Salman and has the risk of eventually destabilising the oil-rich kingdom. Saudi Arabia's shares plunged as much as 7 percent on Sunday, and closed down 3.5 percent at their lowest levels since early January. Shares in Dubai, a regional economic hub, slid 1.5 percent to a low last seen in January 2006. Oil prices reversed their downtrend since early this month. Brent crude futures rose 1.2 percent to $81.40 per barrel, bouncing back from Friday's nearthree-week low of $79.23. Higher oil prices could boost inflation around the world and spark rises in U.S. borrowing costs, which are also seen hurting weak borrowers, especially those in emerging markets

MARKET INDICATORS: Canada – House starts, Annualised @ 17.45 IST, USA – NFIB Business optimism @ 15.30 IST, Germany – Trade balance, EUR, Sa @ 11.30 IST.

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
USD73.8173.82OCT 201873.8174.00
Indicative Cross RatesNOV 201873.9174.28
GBP1.30601.3151DEC 201874.1974.56
EUR1.15031.1594JAN 201974.4774.82
JPY112.49111.63FEB 201974.7375.06
CHF0.99510.9862MAR 201974.9775.30

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 Monday, October 15, 2018 - 11:11 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
USD73.6573.6773.5874.1574.07
GBP96.2096.2296.1397.4597.33
EUR84.6684.6884.5986.0085.90
JPY64.9694.9664.8966.4266.41
AUD51.7551.7751.6853.4753.44
CAD56.0456.0455.9757.2457.21
CHF73.5073.5073.4375.2275.21
SGD52.7552.7552.6854.3154.29
AED20.0120.0320.2120.18
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD73.0674.8173.4974.14
GBP95.3597.8795.5597.67
EUR84.0486.3784.2486.32

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 Oct 01, 2018 to Oct 31, 2018.
USD4.03%4.23%4.51%4.72%4.75%
GBP2.19%2.40%2.78%3.07%3.14%
EUR1.01%1.15%1.59%1.94%2.09%
CAD2.90%3.03%3.11%3.15%3.18%
AUD2.47%2.55%2.64%2.90%3.00%
JPY1.30%1.32%1.60%1.82%1.86%
CHF0.64%0.75%1.17%1.53%1.68%

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