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 Oct 30 ~ 16:30 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar61.460061.4800
Euro77.250077.5000
GB Pounds98.250098.5000

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - - - USD-----------------EURO----------GBP
Previous day----61.39/61.54-----77.13/77.68----97.81/98.39--------------
Today's opening-61.39/61.40--77.32/77.42---98.14/98.24-------------------
Today range ----61.25/61.45---------------------------
& current month-60.80/62.20--------------------


The Indian rupee hit a two-week low on Thursday, falling for a third consecutive session as the dollar got a boost after the U.S. Federal Reserve struck a more hawkish tone than expected at its policy meeting. The Rupee closed at 61.45/46 against the Wednesday’s close of 61.35/36.

SPOT/INR ::The Indian rupee opened stronger at 61.39/40 against the dollar. Most Asian currencies are trading stronger against the dollar. Nifty futures traded in Singapore up 0.65 percent.

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

GLOBAL DEVELOPMENTS :The dollar held at four-week highs against a basket of major currencies early on Friday, getting another boost from encouraging growth data a day after the Federal Reserve gave an upbeat assessment on the economy. The dollar index climbed as far as 86.491 – a high last seen on Oct. 6 – after U.S. gross domestic product grew at an annual pace of 3.5 percent in the third quarter, beating forecasts for 3.0 percent. Against the yen, the greenback bough 109.32, near a four-week high of 109.47 reached overnight. The euro fell as low as $1.2545, but managed to recover to $1.2606. The GDP report should go some way in justifying the Fed’s optimistic stance on the economy when it announced the end of its monthly bond buying stimulus program on Wednesday. With the Fed policy meeting and U.S. GDP data out of the way, the focus should now turn to the Bank of Japan, which wraps up its policy review later in the day. It is also due to release its semi-annual report. The BOJ is widely expected to maintain its massive asset buying programme and keep its forecast that inflation will hit its 2 percent target next year, suggesting no further stimulus is on the horizon. In Europe, all eyes will be on the region’s latest inflation reading. Data on Thursday showed annual inflation in Germany unexpectedly slowed in October, while Spanish consumer prices fell; suggesting the risk of deflation in the wider euro zone has not yet abated.

TODAY'S ECONOMIC DATA :
Germany Retail sales for Sep at 12.30 IST, France Consumer Spending for Sep at 13.15 IST, Italy Unemployment rate for Sep at 14.30 IST, Euro Zone Inflation for Oct at 15.30 IST, Euro Zone Unemployment rate for Sep at 15.30 IST, Italy Consumer Price for Oct at 15.30 IST, Italy Producer Prices for Sep at 16.30 IST.

NEAR TERM OUTLOOK FOR RUPEE :
The Rupee is expected to continue as stronger as our Whole Sale price Index based Inflation dipped to 2.38 % for September compared to 3.74% for August.

POSITIVE FACTORS FOR RUPEE:
1. Heavy inflows in both equity and debt markets.
2. Maintenance of EEFC accounts at 100% on certain conditions


FACTORS AGAINST RUPEE:
1.Demand from importers. (Oil & Defence).
2.Geo-political situation in Iraq and Ukrain.

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD61.3961.42NOV 201461.3961.78
Indicative Cross RatesDEC 201461.6962.21
GBP1.59471.6041JAN 201562.1262.60
EUR1.25551.2647FEB 201562.5162.96
JPY109.81108.94MAR 201562.8763.37
CHF0.96140.9527APR 201563.2863.80

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, October 31, 2014 - 10:11 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
EURO76.8176.8376.7478.1078.00
POUND STERLING97.6797.6997.6098.9298.80
USD61.2361.2561.1661.7361.65
CAD54.1854.1854.1155.4655.43
SWISS FRANC63.1863.1863.1164.8364.82
HKD7.857.867.788.048.01
JPY55.2655.2655.1956.6555.64
SGD47.2547.2547.1848.8148.79
AUD53.5253.5453.4555.1655.43
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR76.1978.4776.3978.42
GBP96.8299.3497.0299.14
USD60.6462.3961.0761.72

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 Oct 01, 2014 to Oct 31, 2014.
USD2.38%2.82%4.29%4.69%4.96%
GBP2.80%3.28%4.61%4.85%5.03%
EUR2.19%2.20%3.26%3.34%3.47%
CAD3.47%3.45%4.67%4.85%5.02%
AUD4.74%4.83%5.94%6.18%6.33%
JPY2.18%2.18%3.19%3.23%3.28%
CHF2.07%2.03%3.09%3.16%3.26%

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