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 Oct 18 ~ 17:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar71.140071.1500
Euro79.150079.4000
GB Pounds91.510091.7400

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Friday, October 18, 2019 - 11:06 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - - - -USD - - - - - - - - - EURO - - - - - - - -GBP - - - - - -
Previous day----------71.38/71.16-------78.99/79.10------91.54/91.66-------
Today's opening------71.16/71.17-------79.12/79.15------91.38/91.42--------
Today range --------71.00 to 71.40------------------------------------------------
& Current month----70.00 to 72.00-----------------------------------------------

The Indian rupee opened flat against the dollar at 71.16/17 as investors focus on the
outlook of a US-China trade deal and the weekends vote on the new Brexit deal.


SPOT/INR:The Indian rupee ended stronger at 71.16/17 against dollar from its previous close of 71.43/44 following reports that the European Union and Britain have agreed a new Brexit deal.



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

GLOBAL DEVELOPMENTS:
Asian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and
the European Union struck a long-awaited Brexit deal, but concern about the Chinese
economy is likely to cap gains with data expected to show weaker growth. Sterling, which
had enjoyed its biggest rising streak since October 1985 and hit a five-month high on the
back of the Brexit deal, gave up ground on Friday morning amid doubts that the agreement
would receive parliamentary approval. The pound eased 0.18% to buy $1.2865. MSCI's
broadest index of Asia-Pacific shares outside Japan was up about 0.1% in early trade,
echoing Wall Street's small gains. Australian shares were off 0.6%, while Japan's Nikkei
added 0.5%. Equity markets had enjoyed a bounce from the initial Brexit news, with the
S&P 500 briefly topping 3,000 points for the first time in more than three weeks. Investors
were also encouraged by upbeat earnings from Netflix and Morgan Stanley, but poor
results from International Business Machines Corp and weak U.S. economic data weighed.
Housing starts, industrial production and mid-Atlantic factory output all fell short of
economist expectations. The Dow Jones Industrial Average gained 0.09% to 27,025.88, the
S&P 500 finished up 0.28% at 2,997.97 and the Nasdaq Composite rose 0.4% to 8,156.85.
On Friday morning, S&P 500 e-mini stock futures, were down a hair at 2,997. China is also
in focus in Asia with the world's second-largest economy expected to post its weakest
economic growth in at least 27-1/2 years when it releases gross domestic product data at
0200 GMT. Weak numbers could raise pressure on Beijing to introduce new stimulus
measures to counter the effects of a long-running trade war with the United States. On
Thursday, China said that it hoped to reach a phased agreement in its trade dispute with
the U.S. as soon as possible. Reflecting the cautious mood, the yield on benchmark 10-year
Treasury notes fell slightly to 1.7483% compared with a U.S. close of 1.755% on Thursday.
In the currency market, the dollar was flat against the yen at 108.65, while the euro was
up 0.04% on the day at $1.1126. The dollar index, which tracks the greenback against a
basket of six major rivals, was barely lower at 97.596. Oil was mixed ahead of the China
data, with U.S. crude up 0.1% to $53.99 a barrel, but Brent crude easing by 0.13% to
59.83%. Spot gold was flat, trading at $1,491.73 per ounce.


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
USD71.1671.17OCT 201971.1671.27
Indicative Cross RatesNOV 201971.1771.47
GBP1.28051.2896DEC 201971.3871.70
EUR1.10811.1175JAN 202071.6171.95
JPY109.00108.12FEB 202071.8672.17
CHF0.99180.9830MAR 202072.0772.42

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, October 18, 2019 - 11:06 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
USD71.1071.1271.0771.6071.52
GBP90.8690.8890.9192.2792.15
EUR78.5378.5578.6580.0379.93
JPY64.4564.4564.8766.1966.18
AUD47.6447.6647.7749.6849.65
CAD53.4553.4553.6954.7854.75
CHF70.8770.8771.2872.8672.85
SGD51.2551.2551.6752.9652.94
AED19.3219.3419.3719.5119.48
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD70.5172.2670.9471.59
GBP90.0192.6990.2192.49
EUR77.9180.4078.1180.35

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 Oct 01, 2019 to Oct 31, 2019.
USD3.13%2.90%3.07%3.24%3.23%
GBP1.93%1.92%2.14%2.32%2.32%
EUR0.83%0.79%1.04%1.27%1.30%
CAD2.61%2.38%2.32%2.28%2.25%
AUD1.36%1.30%1.29%1.40%1.43%
JPY1.16%1.12%1.35%1.55%1.55%
CHF0.51%0.47%0.73%0.97%1.01%

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