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 Sep 27 ~ 17:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar66.480066.5000
Euro74.600074.8500
GB Pounds86.100086.3500

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -66.6625/66.89----74.61/75.10-----86.90/87.42-------
Today's opening--66.69/66.70------74.50/74.75-----86.80/87.05------
Today range ------66.90/66.85-----------------------------------------------
& current month--66.30/67.90----------------------------------------------


The Indian rupee closed stronger at 66.66/67 against dollar from it previous close of 67.0150/0250, as the Fed’s decision to keep interest rates unchanged while signaling a more gradual policy tightening weighed on the greenback.

SPOT/INR:The Indian Rupee opened little weaker at 66.69/70 against US Dollar, as slight weakness in most Asian currencies will likely offset stronger shares amid expectations of foreign fund inflows.

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

GLOBAL DEVELOPMENTS:Asian shares edged closer to 14-month highs on Friday while the dollar was on the defensive as investors grew more convinced that the Federal Reserve is settling into a phase of very gradual interest rate hikes. On Wall Street, S&P 500 Index gained 0.65 percent, led by 1.9-percent gain for the real estate sector. The rallies began after the Fed on Wednesday maintained the low-interest rate environment that has helped underpin the bull market for stocks since the global financial crisis in 2008. Fed Chair Janet Yellen did say U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation. But that hardly changed the market's perception on the outlook of the Fed's policy, with interest rate futures pricing in roughly 60 percent chance of a rate increase by December, little changed from before the Fed meting. Crucially, the Fed also projected a less aggressive rise in rates next year and in 2018, fanning expectations bond yields will stay low in the foreseeable future. In the currency market, the dollar was softer on the Fed's policy outlook, with the dollar's index against a basket of six major currencies slipping to its lowest level in nearly two weeks on Thursday. Oil prices rallied to a two-week high, helped by U.S. government data that showed a surprising crude inventory drop. Brent crude futures traded at $47.38 per barrel, after having climbed to $47.83 on Thursday. Elsewhere, copper rallied to a six-week high despite worries about slow demand growth, supported by the Fed's policy.

TODAY'S ECONOMIC DATA:France GDP QQ Final data at 12.16 IST, France Markit , Serv and Comp Flash data at 12.30 IST, Germany Markit , Serv and Comp Flash data at 13.00 IST, Eurozone Markit , Serv and Comp Flash data at 13.30 IST, Canada Retail Sales at 18.00 IST, US Markit Mfg PMI Flash data 19.15 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.


POSITIVE FACTORS FOR RUPEE:
1.US ban lifted on Iran .


FACTORS AGAINST RUPEE:
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
USD66.6966.70SEP 201666.6966.77
Indicative Cross RatesOCT 201666.7167.11
GBP1.29921.3087NOV 201667.0367.48
EUR1.11531.1244DEC 201667.4067.79
JPY101.62100.73JAN 201767.7168.11
CHF0.97430.9663FEB 201768.0368.38

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 Tuesday, September 27, 2016 - 10:21 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
EURO74.2874.3074.2175.5775.47
POUND STERLING85.8785.8985.8087.0786.95
USD66.3766.3966.3066.8766.79
CAD49.9249.9249.8551.0751.04
SWISS FRANC67.6667.6667.5969.3569.34
HKD8.518.528.448.718.68
JPY65.0965.0965.0266.6466.63
SGD48.2048.2048.1349.7449.72
AUD50.3550.3750.2852.0151.98
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR73.6675.9473.8675.89
GBP85.0287.4985.2287.29
USD65.7867.5366.2166.86

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 Sep 01, 2016 to Sep 30, 2016.
USD2.21%2.31%2.61%2.86%2.91%
GBP1.58%1.69%1.95%2.16%2.19%
EUR1.08%1.05%1.32%1.53%1.57%
CAD2.28%2.19%2.45%2.66%2.69%
AUD2.93%2.86%3.11%3.52%3.54%
JPY1.21%1.17%1.42%1.63%1.65%
CHF0.60%0.58%0.84%1.07%1.12%

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