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 Oct 27 ~ 13:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
US Dollar66.880066.9000
GB Pounds81.600081.8500

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -66.8350/66.9450----72.73/73.05-----81.60/81.97-------
Today's opening--66.90/66.47------74.33/74.59-----86.20/86.49------
Today range ------66.90/66.85-----------------------------------------------
& current month--66.30/67.90----------------------------------------------

The Indian rupee rose to 66.48/49 against dollar from it previous close of 66.61/62, tracking improved global risk appetite on bets Clinton could beat Trump in the upcoming presidential election.

SPOT/INR:The Indian Rupee opened flat at 66.46/47 against US Dollar, as concerns about the health of the European financial system and persistent weakness in oil prices weighed on risk appetite.

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

GLOBAL DEVELOPMENTS:Asian stocks were mostly lower on Wednesday, with European banking sector concerns and lower crude oil prices dulling investors' appetite for riskier assets. Equities in Asia had gained the previous day on a perceived win by Democrat Hillary Clinton at the first presidential debate over Republican Donald Trump, who is seen as creating greater uncertainty for the U.S. and global economies. But the relief gave way to angst about the European financial sector, which is gripped by worries over the health of Deutsche Bank, whose shares hit a record low overnight. Overnight, the Dow rose 0.7 percent and Nasdaq added 0.9 percent on broader support to equities following the presidential debate, though gains were capped by weakness in the energy sector. Oil fell about 3 percent on Tuesday after Saudi Arabia and Iran dashed market expectations that the two major OPEC producers would find a compromise this week at a meeting in Algiers to help ease a global glut of crude. U.S. crude had crawled up 0.1 percent to $44.72 a barrel on Wednesday, the final day of the Sept. 26-28 International Energy Forum gathering. With oil prices having dropped to less than half of their 2014 highs, the Algiers talks are OPEC's second attempt at an output agreement after a failed round in Qatar in April. In currencies, the dollar crawled up 0.2 percent to 100.585 yen but was still in reach of a one-month low of 100.085 seen the previous day. The euro was steady at $1.1207 after losing about 0.4 percent overnight on Europe's banking sector worries. Draghi will face tough questions from German lawmakers later on Wednesday about the central bank's monetary policy, while Yellen will deliver semi-annual testimony before the U.S. House Financial Services Committee.

TODAY'S ECONOMIC DATA:china UBS consumption @ 11.30 IST, Denmark GFK consumer sentiment @ 11.30 IST, France consumer confidence, wage inflation MM & YY, @ 13.30 IST, US MBA mortgage refinance @ 16.30 IST, US mortgage refinance index, durable goods, durables ex transport @ 18.00 IST.

NEAR TERM OUTLOOK FOR RUPEE:The near term range has shifted higher with immediate Resistance now at 67.50 and the psychologically 66.75 acting as a strong support.

1.US ban lifted on Iran .

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
USD66.9066.91OCT 201666.9066.96
Indicative Cross RatesNOV 201666.9067.31
GBP1.21521.2246DEC 201667.2367.60
EUR1.08211.0914JAN 201767.5267.90
JPY104.34103.49FEB 201767.8268.16
CHF0.98950.9984MAR 201768.0868.44

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, October 26, 2016 - 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
Foreign CurrencyBuyingSelling
POUND STERLING80.7880.8080.7181.9681.84
SWISS FRANC66.2166.2166.1467.8567.84
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 Oct 01, 2016 to Oct 31, 2016.

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