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 Trends and Rates for USD, Euro and Pounds provided below was last updated on Feb 16 ~ 15:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
US Dollar64.060064.0800
GB Pounds90.370090.6200

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day------63.43/63.77-----76.39/76.57-----86.19/86.42------
Today's opening---63.55/63.56------76.55/76.58-----86.39/86.42-----
Today range ------63.30 to 63.70 -----------------------------------------
& current month--63.20 to 64.80-----------------------------------------

The Indian rupee ended stronger at 63.4750/4850 against dollar from its previous close of 63.6750/6850, as dollar sales by foreign banks, likely on behalf of custodian and corporate clients, outweighed losses triggered by oil related greenback purchases.

SPOT/INR: Spot/Rupee: The Indian rupee opened weaker at 63.55/56 against US dollar, as Euro climbed to near three year highs following ECB official Benoit Coeure comments the bank’s bond purchases may not be extended beyond September. US ISM manufacturing and US Fed December meeting minutes due later today.

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

GLOBAL DEVELOPMENTS:The S&P 500 and the Nasdaq Composite notched record closing highs on Tuesday, the first trading day of 2018, while European equities finished lower and the U.S. dollar fell to its weakest level in over three months against key currencies. Major stock indexes closed 2017 with their best performance since 2013. In the U.S. market, the advance came amid strong economic growth and corporate earnings, low interest rates and hopes, now realized, of U.S. corporate tax cuts. In Europe, equities closed lower, weighed by a decline in autos stocks following weaker car registrations data. Trading was also cautious ahead of the launch of a major reform of European financial markets. The dollar index, which tracks the greenback against a basket of major currencies, fell 0.29 percent, hampered by expectations of a slower pace of interest rate increases by the Federal Reserve amid a tepid U.S. inflation picture. The dollar hit a three-month low on Friday, bringing its losses for 2017 to 9.8 percent, its worst performance since 2003. Other currencies gained. The euro rose 0.39 percent to $1.2055 and hit a four-month high on Tuesday after data showed that euro zone manufacturers ramped up activity last month at the fastest pace in more than two decades. The Japanese yen strengthened 0.32 percent at 112.29 per dollar, while sterling was last trading at $1.3594, up 0.69 percent. U.S. Treasury yields rose in line with European government yields. A European Central Bank official said the ECB's massive bond purchase program might not continue later this year. A reversal of year-end buying has also driven U.S. Treasury yields higher, said Brian Rehling, co-head of global fixed income strategy for Wells Fargo Investment Institute in St. Louis. Benchmark U.S. 10-year notes last fell 14/32 in price to yield 2.4597 percent, from 2.411 percent late on Friday.

France CPI @ 12.15, Europe Industrial Production @ 15.30, India CPI data @ 17.30, US Jobless data @ 18.00.

1. Continuous foreign fund flows, Domestic Political Stability and USD weakness.

1. Demand from importers. (Oil & Defence), Continuous geopolitical tensions & expected USFED monetary tightening

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD63.5563.56JAN 201863.5563.80
Indicative Cross RatesFEB 201863.7164.01
GBP1.35501.3641MAR 201863.9264.23
EUR1.20011.2093APR 201864.1364.51
JPY112.77111.90MAY 201864.4264.76
CHF0.97660.9680JUNE 201864.6764.98

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 Thursday, February 15, 2018 - 10:52 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
Foreign CurrencyBuyingSelling
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling

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, 2018 to Feb 28, 2018.

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