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 07 ~ 17:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
US Dollar64.960064.9800
GB Pounds99.350099.6000

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -65.225/65.43----72.81/73.46-----98.58/99.26-------
Today's opening--65.30/65.31------73.52/73.75-----99.42/99.66------
Today range ------65.15/65.40-----------------------------------------------
& current month--64.80/66.50----------------------------------------------

The Indian rupee ended weaker against the U.S. Dollar, as stepped up greenback buys for their importer clients, eroding the local units early gains stemming from stronger local shares. The rupee closed at 65.4050/4150 against the previous day close of 65.2850/2950.

SPOT/INR: The Indian rupee opened little stronger at 65.30/31 against the U.S. dollar, on anticipation of increasing foreign fund inflows into local stocks. Investors are also awaiting Bank of Japan’s monetary policy announcement for further cues.

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

GLOBAL DEVELOPMENTS:The prospect of a delay in the U.S. Federal Reserve's plan to raise interest rates and signs of some stability in oil and commodity markets boosted Asian stocks on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 percent to two-week high. Also mildly supporting the market, twelve Pacific Rim countries including the United States, Japan and Canada reached the most ambitious trade pact in a generation, though some analysts say the benefits are far from clear. The Fed has said it is likely to raise rates this year as the economic recovery progresses, but surprisingly soft U.S. jobs data published on Friday led many market players to abandon expectations of a rate hike by the year-end. That boosted sentiment on risk assets, which have been long hit by threats of higher dollar borrowing costs as well as concerns that growth in China may be falling to its slowest in many years. Oil prices rose more than two percent on Monday, bolstered by a rally in U.S. gasoline and Russia's willingness to meet other major oil producers to discuss the market. Global crude benchmark Brent LCOc1 rose 2.3 percent to $49.22 per barrel, edging closer to the top end of its rough $46-$50 trading band in the past month. Precious metals were also supported, with silver hitting a three-month high of $15.71 per ounce on Monday. Gold went to a one-week high of $1,142 per ounce on Monday and last stood at $1,136.10. The dollar had a mixed performance against major currencies as the headwind from fading expectations on the Fed's rate hike was countered by positive risk sentiment. The BOJ also starts its two-day policy meeting on Tuesday.

TODAY'S ECONOMIC DATA:Germany Industrial output MM at 11.30 IST, France Trade Balance, Imports and Exports at 12.15 IST, Great Britain Industrial Output (MM & YY) at 14.00 IST, US Mortgage Market Index at 16.30 IST, US MBA Purchase Index at 16.30 IST. Canada Building Permits data at 18.00 IST.

NEAR TERM OUTLOOK FOR RUPEE:The Rupee is expected to continue as little stronger 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
USD65.3065.31OCT 201565.3065.61
Indicative Cross RatesNOV 201565.5365.98
GBP1.51971.5291DEC 201565.9066.34
EUR1.12311.1323JAN 201566.2666.68
JPY120.28119.40FEB 201666.6167.04
CHF0.97090.9623MAR 201666.9767.40

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 07, 2015 - 10:30 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 STERLING99.0399.0598.96100.28100.16
SWISS FRANC66.5866.5866.5168.2668.25
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, 2015 to Oct 31, 2015.

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