Forex Analysis Report

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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 Jan 30 ~ 17:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar61.860061.8800
Euro70.100070.3500
GB Pounds93.250093.5000

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day------61.43/61.87-----69.13/70.06-----92.82/93.65-------
Today's opening--61.83/61.84-----69.84/70.07-----92.06/93.21-------
Today range ------61.65/62.00---------------------------------------------
& current month--60.90/63.20--------------------------------------------


The Indian rupee ends weakest since January 20 on month end dollar buying and week Asian currencies. The rupee closed at 61.86/87 against the Wednesday’s close of 61.41/42.

SPOT/INR: The Indian rupee opened little stronger at 61.83/84, as some banks may prefer to offload the greenback anticipating inflows from foreign banks. The rupee is expected to trade on the higher trajectory tracking rise in most Asian currencies Domestic shares are likely to trade in green tracking overnight gains in U.S. Shares and key Asian share indices early today. The government offloading shares of Coal India through an offer for sale today is likely to keep the market sentiment buoyed.

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

GLOBAL DEVELOPMENTS: Asian shares got off to a lackluster start on Friday, as a late earnings – led surge on Wall Street was tempered by ongoing concerns about global growth. MSCI broadcast index of Asia-Pacific shares outside Japan was nearly flat in early trade. On Thursday major U.S indexes surged almost 1 percent or more as Apple Inc and Boeing Co extended their gains after strong earnings reports this week.U.S jobless claims figures also helped, with the number of Americas filing new claims for unemployment benefits last week marking its biggest weekly decline since November 2012, falling to its lowest since April 2000. Japan Nikkei stock exchange average rebounded about 1 percent in early trade, a day after shedding 1.1 percent to mark its biggest one-day drop on two weeks. Data released before the market open showed the availability of jobs in Japan rose to the highest level in more than two decades and the jobless rate fell in December while core consumer prices excluding an April sales tax hike were still lading the Bank of Japan’s 2 percent inflation goal. According to Japanese government and central bank officials, the Bank of Japan has put monetary policy on hold and found backing for its wait-and-see stance from advisors to Prime Minister Shinzo Abe, who worry more easing could send the yen to damagingly low levels. Oil Prices rose on Friday with u.S. Crude edging up from a nearly six-year low touched overnight on data that showed a rise in already record-high U.S.oil inventories. U.S. Curde was ups 0.2 percent at $44.60 a barrel.

TODAY'S ECONOMIC DATA: Germany Retail Sales for December at 12.30 IST, France Consumer Spending, Italy Unemployment Rate for December at 14.30 IST, Euro Zone Inflation for January at 15.30 IST, Italy Producer Prices for December at 15.30 IST, US GDP at 19.00 IST.


NEAR TERM OUTLOOK FOR RUPEE: The Rupee is expected to continue as stronger against greenback as continued foreign funds inflows.


POSITIVE FACTORS FOR RUPEE:
1. Heavy inflows in both equity and debt markets.


FACTORS AGAINST RUPEE:
1. Demand from importers. (Oil & Defence)
2. Current Account deficit.

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD61.8361.84FEB 201561.8362.19
Indicative Cross RatesMAR 201562.1262.59
GBP1.50211.5115APR 201562.5263.02
EUR1.12791.1370MAY 201563.3063.76
JPY118.41117.55JUN 201563.6964.13
CHF0.92520.9169JUL 201564.0563.73

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, January 30, 2015 - 10:05 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
EURO69.5169.5369.4470.7770.67
POUND STERLING92.6792.6992.6093.9093.78
USD61.6761.6961.6062.1762.09
CAD48.3548.3548.2849.5049.47
SWISS FRANC66.1566.1566.0867.8767.86
HKD7.917.927.848.118.08
JPY51.5951.5951.5252.8952.88
SGD45.0145.0144.9446.5246.50
AUD47.4547.4747.3849.0649.03
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR68.8971.1469.0971.09
GBP91.8294.3292.0294.12
USD61.0862.8361.5162.16

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 Jan 01, 2015 to Jan 31, 2015.
USD2.45%2.89%4.30%4.57%4.77%
GBP2.65%2.93%4.15%4.33%4.45%
EUR2.18%2.18%3.22%3.29%3.36%
CAD3.48%3.46%4.59%4.70%4.81%
AUD4.53%4.42%5.42%5.60%5.69%
JPY2.16%2.16%3.18%3.20%3.24%
CHF1.37%1.87%2.92%2.98%3.09%

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