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 Aug 24 ~ 17:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar67.100067.1200
Euro75.500075.7500
GB Pounds88.750089.0000

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -67.155/67.24----75.65/76.01-----87.44/88.18-------
Today's opening--67.12/67.13------76.02/76.27-----88.25/88.40------
Today range ------67.05/67.35-----------------------------------------------
& current month--66.50/67.50----------------------------------------------


The Indian rupee ended stronger at 66.77/78 against dollar from it previous close of 66.91/66.92, posting its biggest weekly gains in three weeks, as the BoE’s larger- than- expected monetary stimulus boosted regional assets.

SPOT/INR:The Indian Rupee opened weaker at 66.85/86 against US Dollar, as stronger –than-expected U.S. employment data boosted speculation of an early Federal Reserve rate increase, lifting demand for the greenback.

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

GLOBAL DEVELOPMENTS:Investors flocked to higher-yielding assets on Monday after strong U.S. jobs data on Friday lifted confidence - driving up Asian stocks and the Australian dollar. Although the strong U.S. data dampened the safe-haven appeal of government debt with Japanese 10-year bond futures tanking in early trade, futures markets were only pricing in a U.S. rate hike only in 2017 as other major central banks looked set to add more stimulus in the coming weeks. U.S. July nonfarm payrolls rose by 255,000 and the June increase was revised upward to 292,000, the Labor Department said. Economists polled by Reuters had forecast July payrolls would increase by 180,000. The strong U.S. jobs data was a rare bright spot of data in the global economic landscape with Australia's central bank and the Bank of England cutting interest rates last week and New Zealand set to follow in coming days. The dollar index, which tracks the greenback against a basket of six major rivals, was broadly flat at 96.240 not far from a one-week high of 96.522 hit on Friday after the jobs report. While major currencies are expected to stick to recent ranges, market participants say thin market conditions could amplify moves, and higher U.S. rates were far from guaranteed. Despite a cut in interest rates last week, the Aussie was the best performing currency in Asia as its relatively higher interest rate appeal and AAA credit ratings strengthened its appeal. It was up 0.1 percent at 0.7605. In commodities, spot gold was up 0.05 percent to $1,335.80 an ounce, a low not seen since July 29. Crude oil futures, which ended modestly lower on Friday, rose in early trade. U.S. crude added 0.2 percent to $42.03 a barrel, while Brent crude was up 0.09 percent at $44.45.

TODAY'S ECONOMIC DATA:US Rich Fed, services index, Rich Fed Mfg Shipments @ 19.30 IST, US Texas Serv Sect Outlook @20.00 IST, Dallas Fed Services Reve @ 20.00 IST.


NEAR TERM OUTLOOK FOR RUPEE:Germany Industrial Output (MM) data at 11.30 IST, CH CPI data at 12.45 IST, US Employment Trends at 19.30 IST and Great Britain BRC Retail Sales (YY) data at 04.31 IST.


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


FACTORS AGAINST RUPEE:
1. Demand from importers. (Oil & Defence)
2. Current Account deficit.
3. Fed's interest rate hike

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD67.1267.13AUG 201667.1267.24
Indicative Cross RatesSEP 201667.1767.59
GBP1.30951.3186OCT 201667.5167.91
EUR1.12861.1380NOV 201667.8368.28
JPY100.6999.82DEC 201668.2168.60
CHF0.96590.9576JAN 201768.5268.93

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 Wednesday, August 24, 2016 - 9:57 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
CurrencyTTBillsCheqsBillsTT
Foreign CurrencyBuyingSelling
EURO75.3175.3375.2476.6076.50
POUND STERLING88.0288.0487.9589.2389.11
USD66.9867.0066.9167.4867.40
CAD51.3351.3351.2652.4952.46
SWISS FRANC68.7068.7068.6370.4070.39
HKD8.598.608.528.798.76
JPY65.9565.9565.8867.5267.51
SGD48.8948.8948.8250.4450.42
AUD50.4550.4750.3852.1152.08
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR74.6976.9774.8976.92
GBP87.1789.6587.3789.45
USD66.3968.1466.8267.47

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 Aug 01, 2016 to Aug 31, 2016.
USD2.37%2.44%3.25%3.07%3.13%
GBP1.86%1.99%2.75%2.53%2.57%
EUR1.33%1.31%2.07%1.84%1.90%
CAD2.45%2.47%3.23%2.99%3.02%
AUD3.30%3.26%4.01%3.92%3.95%
JPY1.46%1.43%2.16%1.91%1.91%
CHF0.82%0.78%1.53%1.31%1.34%

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