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 Jun 22 ~ 09:30 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar67.830067.8400
Euro78.700078.9500
GB Pounds89.900090.1500

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Thursday, June 14, 2018 - 10:34 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day------67.44/67.78-----79.35/79.72-----90.37/90.64------
Today's opening---67.45/67.46------79.48/79.52-----90.38/90.42-----
Today range ------67.30 to 67.70-----------------------------------------
& current month--66.50 to 67.80-----------------------------------------


The Indian rupee ended weaker at 67.15/16 against dollar from its previous close of 67.11/12, as oil related dollar bids overshadowed gains tracking lower crude oil prices and a weak greenback, MPC meeting eyed.

SPOT/INR: The Indian rupee opened higher at 67.09/10 against US dollar ahead of RBI monetary policy meeting and dollar index also slips further.

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

GLOBAL DEVELOPMENTS:Asian stocks edged up on Wednesday after tech sector strength lifted Wall Street shares, while concerns about Italy's debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs. The Nasdaq closed at a record high for the second day in a row on Tuesday with help from the technology and consumer discretionary sectors amid an upbeat outlook for the U.S. economy. But the S&P 500 dipped, with the financial sector hit by lower Treasury yields, which can reduce banks' profits. Treasury yields fell as investors moved back into safe-haven government debt after Italy's new Prime Minister Giuseppe Conte vowed to enact economic policies that could add to the nation's already-heavy debt load. On the other hand, the debt concerns caused Italian government bond yields to rise again after they had declined to one-week lows on Monday. The Italian political situation will remain uncertain, and considering its potential impact on European Central Bank policy, market volatility could continue to relatively high. The currency market's response to comments from the new Italian prime minister was more positive, with the euro gaining after Conte said the government had no plans to leave the euro zone. The euro was a shade higher at $1.1724 after gaining about 0.2 percent overnight. The currency had fallen to a 10-month low of $1.1510 on May 29 on worries about Italy exiting the euro zone. The dollar index against a basket of six major currencies fell 0.1 percent to 93.833.The U.S. currency was little changed at 109.850 yen after being nudged off a near two-week high above 100.00 scaled the previous day as U.S. yields fell overnight. The 10-year Treasury note yield was at 2.929 percent, having pulled back from a 10-day high of 2.946 percent scaled on Monday. In commodities, Brent crude futures were down 8 cents at $75.30 a barrel. The contract went as low as $73.81, the weakest since May 8, the previous day after a report that the U.S. government had asked Saudi Arabia and other major exporters to increase oil output.

MARKET INDICATORS: US International Trade data @ 18:00 IST, US Labor Costs Revised @ 18:00 IST, Canada Trade Balance @ 18:00 IST, Canada Ivey PMI @ 19:30 IST.

POSITIVE FACTORS FOR RUPEE:
1. Continuous foreign fund flows, Domestic Political Stability and USD weakness.

FACTORS AGAINST RUPEE:
1. Demand from importers. (Oil & Defence), Continuous geopolitical tensions & expected USFED monetary tightening

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD67.4567.46JUN 201867.4567.63
Indicative Cross RatesJULY 201867.5467.88
GBP1.33641.3458AUG 201867.7968.12
EUR1.17471.1839SEP 201868.0368.34
JPY110.17109.30OCT 201868.2568.60
CHF0.98980.9811NOV 201868.5168.84

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 Thursday, June 14, 2018 - 10:34 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
USD67.4167.4367.3467.9167.83
GBP89.9589.9789.8891.1791.05
EUR79.1779.1779.1080.4880.38
JPY60.4160.4160.3461.8561.84
AUD50.4150.4350.3452.0852.05
CAD51.4351.4351.3652.5952.56
CHF67.6367.6367.5669.3069.29
SGD49.7749.7749.7051.3351.31
AED18.3118.3318.5118.48
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD66.8268.5767.2567.90
GBP89.1091.5989.3091.39
EUR78.5580.8578.7580.80

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 Jun 01, 2018 to Jun 30, 2018.
USD3.76%3.95%4.27%4.49%4.51%
GBP2.00%2.20%2.57%2.87%2.95%
EUR1.03%1.12%1.53%1.87%2.02%
CAD2.64%2.80%2.92%2.99%3.04%
AUD2.51%2.62%2.72%2.97%3.07%
JPY1.30%1.32%1.59%1.79%1.82%
CHF0.63%0.70%1.10%1.45%1.59%

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