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 Aug 08 ~ 10:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly

Currency	Buy	Sell
Rates Updated as on Aug 08 ~ 10:00 Indian Standard Time (GMT+05:30). Rates updated only in forex trading hours on bank working days monday to friday. Click Here to See the Foreign Exchange Live Rates and Trend Charts.
US Dollar	70.8500	70.8600
Euro	79.3300	79.5800
GB Pounds	86.0500	86.3000

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Tuesday, August 20, 2019 - 10:57 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - - - -USD - - - - - - - - - EURO - - - - - - - -GBP - - - - - -
Previous day----------71.12/71.43-------78.90/79.12------86.42/86.61-------
Today's opening------71.59/71.60-------79.36/79.39------86.85/86.88--------
Today range --------71.40 to 71.80------------------------------------------------
& Current month----69.50 to 72.50-----------------------------------------------

The Indian rupee opened weaker against the dollar at 71.59/60, weighed by the U.S.
currency's advance against its peers and the Chinese yuan's decline.


SPOT/INR:

The Indian rupee ended weaker at 71.43/44 against dollar from its previous close of
71.15/16 on likely custodian outflows and as local shares retreated, erasing most of its
early gains.

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

GLOBAL DEVELOPMENTS:

Asian shares extended their gains on Tuesday as hopes for stimulus in major economies
tempered anxiety about a global recession, boosting riskier assets and drawing money
from safe-havens such as bonds and gold. MSCI's broadest index of Asia-Pacific shares
outside Japan rose 0.31%, while Japan's Nikkei rose 0.45%. The improved mood was
helped by a rally on Wall Street overnight, with the S&P 500 gaining 1.21%. Shares in
China and Hong Kong opened lower and swung in and out of negative territory after China
lowered its lending reference rate only slightly in the first publication of a new benchmark
since new interest rate reforms were announced on Saturday. Senior White House officials
are discussing a temporary payroll tax cut to boost the economy, the Washington Post
reported on Monday. Hopes for additional stimulus are rising after reports that Germany is
prepared to increase fiscal spending, and after the People's Bank of China took steps to
lower corporate borrowing costs. U.S. stock futures were a shade lower in Asian trading,
down 0.14%, while benchmark 10-year Treasuries yields eased slightly to 1.5893%, and 2-
year yields traded at 1.5248%. Elsewhere, Australia's S&P/ASX 200 rose 0.69%, while
South Korea's KOSPI index rose 0.24%. China set its new one-year Loan Prime Rate at
4.25%, down 6 basis points from 4.31% previously. It was 10 basis points lower than the
People's Bank of China's existing benchmark one-year lending rate. The new five-year LPR
rate was set at 4.85%, according to the national interbank funding centre. Chinese shares
initially fell at the open but recovered to trade up 0.19%. Stocks in Hong Kong also rose
0.15%, erasing an earlier loss. Markets overwhelmingly expect the Fed to cut rates again
at its Sept. 17-18 policy meeting from the current 2.00%-2.25%. The Fed cut rates in July
for the first time in a decade to mitigate the effects of the U.S.-China trade row and a
global slowdown. Last week, financial markets went into a tailspin after the Treasury yield
curve briefly inverted when short-term yields traded above those of long-term paper.
Investors, who feared a steep global downturn given an inverted yield curve has presaged
several past U.S. recessions, dumped riskier assets. However, a bounce in yields from lows
hit last week has eased some of the concerns about the global economy. The Swiss franc
another safe-haven asset, was last quoted at 0.9815 per dollar, near a two-week low. Gold
which is traditionally bought as a safe-haven during times of uncertainty, held steady at
$1,495.69 per ounce after tumbling 1.2% on Monday.

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

Currency	For Export	For Import	Month	For Export	For Import
Indicative Rates			Indicative Forward Rates
USD	71.59	71.60	AUG 2019	71.59	71.69
Indicative Cross Rates			SEP 2019	71.61	71.92
GBP	1.2087	1.2178	OCT 2019	71.83	72.17
EUR	1.1041	1.1132	NOV 2019	72.08	72.39
JPY	107.02	106.13	DEC 2019	72.30	72.64
CHF	0.9853	0.9767	JAN 2020	72.55	72.89

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 Tuesday, August 20, 2019 - 10:57 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

Currency	TT	Bills	Cheqs	Bills	TT
Foreign Currency	Buying			Selling
USD	71.43	71.45	71.36	71.93	71.85
GBP	86.34	86.36	86.27	87.56	87.44
EUR	78.80	78.82	78.73	80.12	80.02
JPY	66.23	66.23	66.16	67.74	67.73
AUD	47.84	47.86	47.77	49.53	49.50
CAD	53.13	53.13	53.06	54.29	54.26
CHF	71.98	71.98	71.91	73.70	73.69
SGD	50.91	50.91	50.84	52.45	52.43
AED	19.41	19.43		19.61	19.58

Current CCY / TC Rates

Currency	CCY Buying	CCY Selling	TC Buying	TC Selling
USD	70.84	72.59	71.27	71.92
GBP	85.49	87.98	85.69	87.78
EUR	78.18	80.49	78.38	80.44

Interest Rates on FCNR-B Deposits

Table showing currently offered interest rates on FCNR-B Deposits

Currency	1y - <2y	2y - <3y	3y - <4y	4y - <5y	5y
Above Interest Rates applicable from Aug 01, 2019 to Aug 31, 2019.
USD	3.34%	3.11%	3.30%	3.47%	3.48%
GBP	1.93%	1.93%	2.17%	2.39%	2.41%
EUR	0.84%	0.82%	1.10%	1.33%	1.39%
CAD	2.60%	2.32%	2.28%	2.27%	2.27%
AUD	1.44%	1.36%	1.37%	1.49%	1.55%
JPY	1.20%	1.17%	1.41%	1.61%	1.61%
CHF	0.47%	0.42%	0.69%	0.93%	0.99%

Our Contact Email ID: nospam@tmbank.in