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 08 ~ 17:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
US Dollar67.940067.9600
GB Pounds97.700097.9500

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -67.77/67.9850----73.801/74.374-----97.345/98.217-------
Today's opening--68.19/68.20------74.30/74.75-----98.00/96.75------
Today range ------68.00/68.40-----------------------------------------------
& current month--67.25/68.40----------------------------------------------

The Indian rupee closed weaker against the U.S. Dollar, tracking a sell-off across most Asian peers, as oil price resumed its slide, hurting global risk appetite. However, suspected intervention by the central bank limited losses in the currency. The rupee closed at 67.9750/67.9850 against the previous day close of 67.84/67.85..

SPOT/INR:The Indian rupee opened weaker at 68.19/20 against the U.S. dollar tracking its Asian peers, as a persistent slide in crude oil prices exacerbated worries of a global economic growth slowdown, weighing on risk appetite.

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

GLOBAL DEVELOPMENTS:Asian shares tumbled on Wednesday as oil prices dropped for a third day, prompting investors to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs. The MSCI's broadest index of Asia-Pacific shares outside Japan fell 2.1 percent led by a 3.0 percent fall in Hong Kong shares. Japan's Nikkei lost 3.4 percent, wiping out almost all of its gains made after the Bank of Japan had announced the introduction of negative interest rates on Friday. Overnight, the U.S. S&P 500 index fell 1.9 percent. Brent crude futures LCOc1, the world's oil benchmark, fell 0.1 percent to $32.70 per barrel, extending losses so far this week to more than 6 percent. U.S. crude futures CLc1 slipped 0.5 percent. Oil prices have fallen about 70 percent in the past 18 months, largely due to a growing supply glut but also exacerbated by cooling economic growth in China and other emerging markets. The gloom pervading markets bolstered the allure of government debt. As U.S. debt prices jumped, the 10-year U.S. yield hit a 10-month low of 1.828 percent. Uncertainty around global growth has prompted investors to slash back their expectation of future U.S. rate hikes, with Federal funds rate futures now pricing in only about a 50 percent chance of just one rate hike this year. Gold hit a three-month high of $1,130.90 per ounce on Tuesday and last stood at $1,128.3. The U.S. ISM non-manufacturing PMI is expected to dip to 55.1 in January from 55.8 in December. That would be the lowest reading in almost two years but still above the 50 mark that separate contraction and expansion.

TODAY'S ECONOMIC DATA:GB Halifax House Prices data at 13.30 IST, IT Markit PMI data at 14.15 IST, FR Markit Serv PMI data at 14.20 IST, GB Markit Serv PMI data at 15.00 IST, US Mortgage Market Index data at 17.30 IST and US ADP National Employment data at 18.45 IST.

NEAR TERM OUTLOOK FOR RUPEE:The Rupee is expected to continue as weaker against greenback.

1. Heavy inflows in both equity and debt markets.

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
USD68.19 66.7968.20FEB 201568.1968.56
Indicative Cross RatesMAR 201668.4468.92
GBP1.43801.4425APR 201668.7969.30
EUR1.09001.0940MAY 201669.1469.70
JPY119.70119.30JUNE 201669.4970.00
CHF1.02001.0160JULY 201669.8470.05

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, February 03, 2016 - 10:44 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
POUND STERLING97.7097.7297.6398.9598.83
SWISS FRANC66.0366.0365.9667.6667.65
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, 2016 to Feb 29, 2016.

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