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 Dec 05 ~ 09:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar71.500071.5100
Euro79.200079.4000
GB Pounds93.720093.9400

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Friday, December 06, 2019 - 10:39 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - - - -USD - - - - - - - - - EURO - - - - - - - -GBP - - - - - -
Previous day----------71.50/71.28-------79.16/79.09------93.64/93.69-------
Today's opening------71.30/71.31-------79.17/79.20------93.80/93.83--------
Today range --------71.10 to 71.50------------------------------------------------
& Current month----70.50 to 72.50-----------------------------------------------

The Indian rupee opened flat against the dollar at 71.30/31 after the dollar index slipped to a one month low ahead of employment data.


SPOT/INR:The Indian rupee ended stronger at 71.28/29 against dollar from its previous close of 71.53/54 on corporate dollar inflows and gains the Chinese yuan.


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

GLOBAL DEVELOPMENTS:
Asian stocks gained on Friday as investors took heart from U.S. President Donald Trump saying trade talks with China were "moving right along", and U.S. oil prices sat near 2-1/2- month highs after OPEC and other producers areed to cut output. Trump's upbeat tone in comments on Thursday was enough to spark buying, despite a lack of agreement between Washington and Beijing over whether existing tariffs should be dropped as part of a preliminary deal to end their trade war. Investors were hoping that the two sides will reach a compromise to at least avoid their worst fears - that the United States will go ahead with its final batch of tariffs on about $156 billion of Chinese exports. Uncertainties over a deal have pushed some investors to the sidelines in recent sessions, while nervousness before the release of U.S. non-farm payrolls data later in the day could also curb market liquidity. Investors were also looking ahead to a Fed policy meeting on Dec. 1-11. A Reuters poll of economists and analyts showed the Fed would keep rates on hold at 1.50-1.75%. Oil prices retreated but hovered near recent peaks after major oil exporting countries agreed on Thursday to cut output by an extra 500,000 barrels per day in the first quarter of 2020, after a nearly six-hour meeting on Thursday. In the currency market, the British pound soared on growing confidence that next week's election will give the Conservative Party the parliamentary majority it needs to deliver Brexit, ending near-term uncertainty. Sterling spiked to a seven-month high of $1.3166 on Thursday and last stood at $1.316, up 1.6% so far this week. It hit 2-1/2-year highs versus the euro.The euro stood at $1.1108, near a onemonth high of $1.11165 set on Wednesday, lifted by firmer euro zone economic data. That helped push the dollar index to a one-month low of 97.356 on Thursday. The index last stood at 97.369. Against the yen, the dollar traded at 108.72 yen, having slipped slightly the previous day.


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
USD71.5071.51DEC 201971.3071.50
Indicative Cross RatesJAN 202071.4171.71
GBP1.31131.3204FEB 202071.6271.90
EUR1.10621.1153MAR 202071.8072.12
JPY109.13108.24APR 202072.0272.45
CHF0.98230.9915MAY 202072.3572.65

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, December 06, 2019 - 10:39 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
USD71.1471.1671.1171.6471.56
GBP93.1093.1293.1594.5494.42
EUR78.4378.4578.5579.9579.85
JPY64.4164.4164.8366.1566.14
AUD47.7847.8047.9149.7949.76
CAD53.2753.2753.5154.6254.59
CHF70.9170.9171.3272.9372.92
SGD51.4551.4551.8753.1853.16
AED19.3319.3519.3819.5219.49
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD70.5572.3070.9871.63
GBP92.2594.9692.4594.76
EUR77.8180.3278.0180.27

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 Dec 01, 2019 to Dec 31, 2019.
USD2.74%2.63%2.82%3.01%3.03%
GBP1.74%1.78%2.03%2.25%2.26%
EUR0.66%0.67%0.94%1.18%1.22%
CAD2.60%2.39%2.37%2.36%2.36%
AUD1.22%1.21%1.33%1.36%1.41%
JPY1.24%1.22%1.46%1.65%1.66%
CHF0.59%0.57%0.85%1.08%1.13%

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