Forex Analysis Report

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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 Feb 27 ~ 17:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar61.830061.8500
Euro69.350069.6000
GB Pounds95.200095.4500

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day------61.73/61.98-----69.64/70.47-----95.51/96.37-------
Today's opening--61.86/61.87-----69.24/69.47-----95.38/95.60-------
Today range ------61.60/62.05---------------------------------------------
& current month--61.50/63.20--------------------------------------------


The Indian rupee gained for a third day to near three-week high against the U.S. dollar foreign fund inflows. However, the central bank’s likely intervention and month-end dollar demand from oil refiners limited further gains. The rupee closed at 61.75/76 against the Wednesday’s close of 61.96/97.

SPOT/INR: The Indian rupee opened weaker at 61.86/87 against the US dollar as bets of a pro-business federal budget tomorrow are expected to drive further foreign fund inflows into local markets. However, month-end greenback demand from importers may weigh on the local currency intraday.

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

GLOBAL DEVELOPMENTS: Japanese stocks crawled to a fresh 15- year peak on Friday after the dollar surged against the yen as upbeat U.S. data flipped expectations back in favour of an early interest rate hike by the Federal Reserve. The rest of Asian equity markets lagged Japan after a sharp pullback in oil prices dulled risk appetite and sent Wall Street lower overnight. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, with South Korean and Australian shares posting light losses. Dollar bulls disappointed earlier this week by perceived dovish signals from Fed Chair Janet Yellen, took heart again after data released on Thursday showed U.S. Core inflation rose more than expected. Robust U.S. durable goods orders also helped, with both sets of data driving Treasury yields higher and supporting the dollar. Investors are now waiting on revised fourth quarter U.S gross domestic product data due later on Friday for another health check of the world’s largest economy. As growth in the upper range of 2 percent is the Fed’s prerequisite for an early and sustained rate hike, a figure just around or below 2 percent is likely to hurt expectations for a June hike and weigh on the dollar. The euro was little changed at $1.1205, not far from a one-month trough of $1.1184 plumbed overnight. U.S. crude oil posted a modest rebound and was up 1.5 percent at $48.87 a barrel after plunging 5.5 percent overnight as rising U.S. inventories countered expectations for recovering demand. Tokyo’s Nikkei rose 0.3 percent after touching a high not seen since June 2000, helped by a weaker yen which is seen sharpening Japanese exporters.

TODAY'S ECONOMIC DATA: Germany Import Prices (MM & YY) at 12.30 IST, France Consumer Spending MM at 13.15 IST, IT Consumer Price Prelim (MM & YY) data at 15.30 IST, US GDP Sales Prelim, GDP Deflator at 19.00 IST and US Chicago PMI data at 20.15 IST, US Pending Homes Index and Sales Change data at 20.30 IST.


NEAR TERM OUTLOOK FOR RUPEE:The Rupee is expected to continue as weaker 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.

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD61.8661.87FEB 201561.8661.87
Indicative Cross RatesMAR 201561.8662.29
GBP1.53891.5485APR 201562.2262.75
EUR1.11671.1260MAY 201562.6863.13
JPY119.70118.81JUN 201563.0463.54
CHF0.95440.9457JUL 201563.4763.95

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 Friday, February 27, 2015 - 9:48 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
EURO68.8468.8668.7770.1070.00
POUND STERLING94.9995.0194.9296.2396.11
USD61.7061.7261.6362.2062.12
CAD48.9048.9048.8350.0750.04
SWISS FRANC64.1464.1464.0765.8165.80
HKD7.917.927.848.118.08
JPY51.0551.0550.9852.3452.33
SGD44.8544.8544.7846.3646.34
AUD47.5947.6147.5249.2149.18
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR68.2270.4768.4270.42
GBP94.1496.6594.3496.45
USD61.1162.8661.5462.19

Prime Rates:

Prime Rates for US Dollar w.e.f. December 18, 2008 is 3.25%

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 Feb 01, 2015 to Feb 28, 2015.
USD2.41%2.74%4.02%4.25%4.40%
GBP2.63%2.87%4.01%4.13%4.23%
EUR2.14%2.14%3.18%3.25%3.33%
CAD3.14%2.87%3.95%4.05%4.16%
AUD4.33%4.23%5.24%5.37%5.44%
JPY2.16%2.16%3.16%3.19%3.23%
CHF1.56%1.33%2.35%2.42%2.50%

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