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 Jan 23 ~ 14:30 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar71.270071.2800
Euro78.900079.1500
GB Pounds93.440093.6900

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Thursday, January 23, 2020 - 10:56 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - - - -USD - - - - - - - - - EURO - - - - - - - -GBP - - - - - -
Previous day----------71.16/71.19-------78.86/78.82------92.84/93.38-------
Today's opening------71.21/71.22-------78.94/78.96------93.55/93.56--------
Today range --------71.00 to 71.30------------------------------------------------
& Current month----70.50 to 72.00-----------------------------------------------

The Indian rupee opened flat against the dollar at 71.21/22 as concerns over the spread of a deadly virus in China erode the benefits of a fall in crude oil.


SPOT/INR:The Indian rupee ended flat at 71.19/20 against dollar from its previous close of 71.20/21 as regional cues remained muted in the wake of a virus outbreak in China.

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

GLOBAL DEVELOPMENTS:
Asian shares and U.S. stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year. Oil futures tumbled to seven-week lows as the contagion was expected to hit airline travel, while the International Energy Agency's warning of an oil surplus and a larger-thanexpected
increase in U.S. crude inventories re-kindled fears of excess supply. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.45%. Blue chip Chinese shares slumped 0.91%. Australian shares were down 0.57%, while Japan's Nikkei stock index slid
0.6%. The Chinese yuan fell toward a two-week low, while safe-havens such as the Japanese yen, gold, and U.S. Treasuries rose before a travel blockade of the Chinese city, Wuhan, at the centre of the outbreak starts later on Thursday. Deaths in China from the new coronavirus rose to 17 on Wednesday, with nearly 600 cases confirmed. The outbreak has evoked memories of Severe Acute Respiratory Syndrome (SARS) in 2002-2003, another coronavirus which broke out in China and killed nearly 800 people in a global pandemic. U.S. stock futures fell 0.02% on Thursday in Asia. The S&P 500 eked out a 0.03% gain on Wednesday, but the overall tone on Wall Street was mixed as investors assessed the impact of the virus and braced for the corporate earnings season. Cases have been detected in Beijing, Shanghai, Macau, Hong Kong, Japan, and the United States. Wuhan's local government said it would close all urban transport networks and suspend outgoing flights as of 10 a.m. on Thursday (0200 GMT). Citizens have been urged not to leave the city. However, there are fears the virus could spread rapidly, because millions of Chinese travel domestically and abroad during the week-long Lunar New Year holidays, which start on Friday. In the onshore market, the yuan edged down 0.1% to 6.9160 per dollar, approaching the lowest since Jan. 10. The yen rose 0.2% to 109.64 versus the dollar, while the Swiss franc traded at 0.9679 against the greenback. Gold, another asset that is often bought as a safe haven, rose 0.07% to $1,559.17 per ounce. U.S. crude fell 1.69% to $55.78 a barrel, briefly touching the lowest since Dec. 3. Brent crude slumped by 1.55% to $62.26 per barrel to reach the lowest since Dec. 4. The American Petroleum Institute said U.S. crude inventories rose 1.6 million barrels last week, compared with analysts' expectations for 1 million-barrel draw.


POSITIVE FACTORS FOR RUPEE:
1. Continuous foreign fund flows and Domestic Political Stability.


FACTORS AGAINST RUPEE:
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
USD71.2171.22JAN 202071.2171.28
Indicative Cross RatesFEB 202071.2171.51
GBP1.30901.3181MAR 202071.4171.73
EUR1.10391.1130APR 202071.6472.05
JPY110.05109.18MAY 202071.9572.27
CHF0.97260.9637JUN 202072.1772.52

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, January 23, 2020 - 10:56 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
USD71.0571.0771.0271.5571.47
GBP92.8092.8292.8594.2494.12
EUR78.1778.1978.2979.6979.59
JPY63.7863.7864.2065.5065.49
AUD47.9547.9748.0849.9649.93
CAD53.3053.3053.5454.6554.62
CHF72.2172.2172.6274.2774.26
SGD51.8651.8652.2853.5853.56
AED19.3119.3319.3619.5019.47
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD70.4672.2170.8971.54
GBP91.9594.6692.1594.46
EUR77.5580.0677.7580.01

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 Jan 01, 2020 to Jan 31, 2020.
USD2.76%2.66%2.90%3.11%3.13%
GBP1.75%1.82%2.10%2.33%2.37%
EUR0.69%0.71%1.01%1.28%1.33%
CAD2.66%2.50%2.52%2.53%2.55%
AUD1.36%1.41%1.47%1.64%1.70%
JPY1.29%1.29%1.54%1.75%1.76%
CHF0.65%0.65%0.95%1.21%1.27%

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