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 Feb 21 ~ 12:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
US Dollar71.150071.1600
GB Pounds92.600092.8500

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Friday, February 22, 2019 - 10:33 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - - - -USD - - - - - - - - - EURO - - - - - - - -GBP - - - - - -
Previous day----------70.06/70.11-------80.39/80.53------88.92/89.04-------
Today's opening------69.77/69.78-------79.88/79.91------88.62/88.65--------
Today range --------69.90 to 70.10------------------------------------------------
& Current month----69.40 to 72.00-----------------------------------------------

The Indian rupee opened stronger against the dollar at 70.11/12, after Fed Reserve Chairman Jerome Powell's comment suggesting a slower pace of rate increases triggered the biggest slide in the dollar index in a month.

SPOT/INR: The Indian rupee ended stronger at 70.62/63 on likely equity related dollar inflows and greenback sales by exporters.

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

Asian shares fell on Monday, extending weakness in global equity markets at the end of last week as soft Chinese economic data and falling oil prices rekindled anxiety about the outlook for world growth. A combination of weak factory-gate inflation data in China and low oil prices weighed on global stocks on Friday, dragging MSCI's gauge of global stocks to its worst day in two weeks. The index was last 0.11 percent lower. Risk asset markets have been under intense pressure recently as worries about a peak in earnings growth added to anxiety about slowing global trade and investment. A spike in U.S. bond yields, driven by the Federal Reserve's commitment to keep raising borrowing costs, has also shaken emerging markets as investors poured money into U.S. dollar assets. The Wall Street losses came after the Fed had earlier in the week held rates steady but stayed on track to tighten policy next month. The Fed's stance disappointed some investors who had hoped that the rout in equities in October might have prompted policy makers to take a more cautious approach on the outlook for rates. Markets are pricing in a 25bp hike in December, with data flow suggesting pipeline inflation pressures are building. Taking some pressure off a sharp drop in oil prices last week, Saudi Arabia's energy minister said on Sunday that the country plans to reduce its oil supply to world markets by 500,000 barrels per day in December, representing a global reduction of about 0.5 percent. That helped to lift oil prices, with U.S. crude rising 0.90 percent to $60.73 a barrel and Brent crude gaining 1.13 percent to $70.97 per barrel. However, the Saudi supply cut may prove to be a temporary solution to falling prices as global growth slows, with two of the world's biggest economies - Germany and Japan - expected to report a contraction in output in the coming days. Supply-side surprises appear to be the main culprit, but concern that global demand is slowing may also be creeping into markets and weighing on risk appetite. In currency markets, the dollar rose 0.07 percent against the yen to 113.90, and the euro was down 0.06 percent on the day at $1.1327. The dollar index, which tracks the greenback against a basket of six major rivals, was up at 97.004. The British pound was off 0.3 percent to fetch $1.2934. The sterling has been under pressure over the past few weeks as investors worried whether an orderly Brexit deal would be achieved.

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

1. Continuous foreign fund flows and Domestic Political Stability.

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
USD71.2371.24FEB 201971.2371.28
Indicative Cross RatesMAR 201971.2471.55
GBP1.29911.3082APR 201971.4671.85
EUR1.12931.1384MAY 201971.7672.09
JPY111.18110.31JUN 201972.0072.30
CHF1.00560.9967JUL 201972.2172.56

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 22, 2019 - 10:33 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

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, 2019 to Feb 28, 2019.

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