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 May 23 ~ 09:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar64.630064.6500
Euro72.700072.9500
GB Pounds84.000084.2500

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -64.4375/64.64----72.08/72.58----83.67/84.10-------
Today's opening--64.63/64.64------72.42/72.70-----83.60/83.90------
Today range ------64.65/65.00-----------------------------------------------
& current month--63.70/65.80----------------------------------------------


The Indian rupee ended stronger at 64.5450/5550 against dollar from its previous close of 64.64/65, as higher local shares offset importer’s greenback demand, even as traders remained guarded amid uncertainty over Donald Trump’s economic agenda for the US.

SPOT/INR:The Indian Rupee opened weaker at 64.63/64 against the US Dollar, as the greenback came under pressure after German Chancellor Angela Merkel’s comments lifted the euro, even as deadly explosion in Britain’s Manchester city weighed on risk appetite.

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

GLOBAL DEVELOPMENTS:Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak." The incident took place just two-and-a-half weeks before an election that Prime Minister Theresa May is expected to win easily, though polls showing that was the contest tightening had put sterling under some pressure. Sterling eased 0.1 percent to $1.299, extending Monday's 0.3 percent loss. Overnight, Wall Street closed as much as 0.8 percent higher, driven by defense and technology stocks, after U.S. President Donald Trump announced arms deals and other investments with Saudi Arabia over the weekend that Secretary of State Rex Tillerson said could add up to $350 billion. An uncertain political climate in the U.S. continued to weigh on the dollar, but a slowdown in Japanese manufacturing activity limited losses versus the yen. The dollar weakened 0.1 percent to 111.15 yen. The dollar index, which tracks the greenback against a basket of trade-weighted peers, was almost 0.1 percent lower at 96.916. Losses were also kept in check by a gauge of U.S. economic activity that improved in April to its highest level since late 2014, suggesting an acceleration in production and hiring activity following an anaemic first quarter. The White House is set to deliver President Donald Trump's first full budget to lawmakers on Tuesday, a plan that would cut $3.6 trillion in government spending over 10 years, balancing the budget by the end of the decade. Presidential budgets are often ignored by Congress, which controls federal purse strings. In commodities, oil prices were higher on growing confidence that top exporters would agree to extend supply curbs this week and speculation that the cuts could be deepened further.

TODAY'S ECONOMIC DATA:Japan Nikkie Mfg PMI @ 06.00 IST, China Trade @ 11.30 ISt, Denmark GDP QQ & YY @ 11.30 IST, France Business Climate, Markit Mfg, Serv, Comp Flash, Mfg FlashPMI, Ifo Business climate, Ifo Expectations, @ 13.30 IST, Canada wholesale Trade MM @ 18.00 IST, US Redbook Mm & YY @ 18.25 IST, US Markit Mfg, Serv, Comp Flash, Mfg FlashPMI, New home sales, Rich Fed data @ 19.30 IST, Japan Reuters Tankan DI @ 04.30 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)

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD64.5664.57MAY 201764.5664.61
Indicative Cross RatesJUNE 201764.566.87
GBP1.28381.2931JULY 201764.7965.12
EUR1.11551.1248AUG 201765.3165.38
JPY112.05111.18SEPT 201765.5465.62
CHF0.97800.9693OCT 201765.8065.88

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, May 26, 2017 - 10:25 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
EURO71.7871.8071.7173.0572.95
POUND STERLING82.7182.7382.6483.9083.78
USD64.4064.4264.3364.9064.82
CAD47.2747.2747.248.3848.35
SWISS FRANC65.3465.3465.2767.0066.99
HKD8.228.238.158.428.39
JPY56.9756.9756.9058.3758.36
SGD45.8345.8345.7647.3447.32
AUD47.3247.3447.2548.9648.93
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
EUR71.1673.4271.3673.37
GBP81.8684.3282.0684.12
USD63.8165.5664.2464.89

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 May 01, 2017 to May 31, 2017.
USD2.64%2.83%3.22%3.52%3.62%
GBP1.62%1.82%2.14%2.42%2.50%
EUR1.05%1.12%1.47%1.79%1.92%
CAD2.45%2.35%2.71%3.01%3.10%
AUD3.04%3.12%3.51%4.03%4.16%
JPY1.29%1.29%1.54%1.76%1.78%
CHF0.60%0.62%0.99%1.29%1.40%

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