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 Jul 24 ~ 16:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar64.330064.3500
Euro74.920075.1700
GB Pounds83.820084.0700

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -64.28/64.35----74.07/74.27----83.68/83.95-------
Today's opening--64.34/64.35------73.90/74.15-----83.55/83.85------
Today range ------64.20/64.55-----------------------------------------------
& current month--64.00/64.80----------------------------------------------

The Indian rupee ended tad stronger at 64.2825/2925 against dollar from its previous close of 64.3225/3325, as investors remained on the sidelines ahead of the conclusion of monetary policies of BOJ and ECB, due tomorrow.

SPOT/INR:The Indian Rupee opened weaker at 64.34/35 against the US Dollar in opening trade, as traders await outcome to monetary policy from the Bank of Japan and European Central Bank, due to conclude today, for further cues.

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

GLOBAL DEVELOPMENTS:The dollar stayed on the defensive on Wednesday as investors wagered any further tightening in the United States would be slow at best, while optimism on China's economy underpinned Asian shares and commodities. The U.S. currency was near multi-month lows after the collapse of the Republicans' push to overhaul healthcare dealt a blow to President Donald Trump's ability to pass promised tax cuts and infrastructure spending. As a result, yields on 10-year Treasury notes were down at 2.27 percent having fallen 12 basis points in little more than a week. Investors were wary of pushing the euro too far in case a European Central Bank policy meeting on Thursday proved less hawkish than bulls were betting on. The dollar also carved out a two-year low on the Australian dollar and a one-year trough on the Swiss franc. Losses have been more limited against the yen as the Bank of Japan has stuck with its massive stimulus campaign and stopped yields there from rising. The dollar was trading at 112.00 on Wednesday, up from a low of 111.685. Speculation that the Bank of England might soon tighten was also dealt a blow by surprisingly soft inflation figures at home, giving the dollar a leg up on the pound. In Asia, investor sentiment has also been supported by a raft of upbeat economic news out of China. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent at its highest since April 2015. The drop in the dollar and optimism on Chinese demand helped underpin commodities, with everything from copper to iron ore on the rise. Spot gold also added another 0.1 percent to $1.243.36 per ounce. Oil prices eased after a rise in U.S. crude inventories and ongoing high supplies from producer club OPEC revived concerns of a supply overhang. U.S. crude was last off 18 cents at $46.22 per barrel, while Brent dipped 17 cents to $48.67.

NEAR TERM OUTLOOK FOR RUPEE:US MBA Mortgage App, Mortgage Market index, MBA purchase index, Refinance index, 30 YR mortgage rate @ 16.30 IST, Canada Manufacturing sales mm @ 18.00 IST, US building permits, housing starts @ 18.00 IST, Japan export, imports YY, Trade balance total YEN @ 05.20 IST.


POSITIVE FACTORS FOR RUPEE:
1.US ban lifted on Iran .


FACTORS AGAINST RUPEE:
1. Demand from importers. (Oil & Defence)

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD64.3464.35JULY 201764.3464.45
Indicative Cross RatesAUG 201764.3764.70
GBP1.29771.3068SEPT 201764.6264.94
EUR1.14691.1562OCT 201764.8665.21
JPY112.52111.65NOC 201765.1365.45
CHF0.95990.9512DEC 201765.3865.69

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 Monday, July 24, 2017 - 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
CurrencyTTBillsCheqsBillsTT
Foreign CurrencyBuyingSelling
EURO74.6574.6774.5875.9475.84
POUND STERLING83.3583.3783.2884.5584.43
USD64.2564.2764.1864.7564.67
CAD50.7350.7350.6651.9051.87
SWISS FRANC67.1267.1267.0568.8268.81
HKD8.188.198.118.388.35
JPY57.1857.1857.1158.5858.57
SGD46.5546.5546.4848.0748.05
AUD50.3950.4150.3252.0352.00
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR74.0376.3174.2376.26
GBP82.5084.9782.7084.77
USD63.6665.4164.0964.74

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 Jul 01, 2017 to Jul 31, 2017.
USD2.68%2.84%3.21%3.51%3.61%
GBP1.71%1.94%2.29%2.59%2.68%
EUR1.03%1.12%1.49%1.83%1.97%
CAD2.53%2.65%3.03%3.33%3.42%
AUD3.07%3.21%3.62%4.08%4.21%
JPY1.30%1.31%1.57%1.79%1.81%
CHF0.65%0.70%1.05%1.35%1.46%

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