Forex Analysis Report
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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 Jul 24 ~ 13:00 - Indian Standard Time.
Latest Inter Bank Rates (Updated Every 15-30 Minutes)
| Currency | Buy | Sell |
|---|---|---|
| ||
| US Dollar | 60.0500 | 60.0700 |
| Euro | 80.7000 | 80.9500 |
| GB Pounds | 102.2500 | 102.5000 |
Market Trend Analysis - INR / USD / EURO / GBP
Trend Indicators against INR
- - - - - - - - - - - - - - - - USD-----------------EURO----------GBP
Previous day----59.99/60.12-----80.61/81.06----102.03/102.41--------------
Today's opening-60.12/60.13--80.93/81.03---102.09/102.19-------------------
Today range ----60.00/60.30---------------------------
& current month-59.00/60.60--------------------
The Indian rupee ended weaker on Thursday, retreating from a more than one-week high hit earlier in the session on the back of month-end dollar demand from importers and possible intervention by the central bank. The Rupee closed at 60.12/13 against the Wednesday’s close of 60.09/10.
SPOT/INR :: The Indian rupee opened at 60.12/13 tracking the weakness in most Asian currencies and mixed trend in Asian equities.
FORWARD PREMIUM:Forward dollar/rupee premium are likely to take cues from the spot.
GLOBAL DEVELOPMENTS :The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies. The greenback, which has been closely correlated to U.S. debt yields, was buoyed after Treasury bond yields rose in wake of the upbeat employment indicator. It was poised to gain about 0.4 percent on the week against the Japanese currency. The euro stood steady at $1.3464, having rebounded on Thursday from an eight-month trough of $1.3438 after stronger-than-expected German and French business activity reports slightly tempered bearish views towards the eurozone economy forced with possible fallout from any tougher sanctions on Russia. Still, the euro was on track to lose more than 0.4 percent on the week against the dollar with many markets participants retaining a bearish longer-term view for the common currency. Any targeting of Russian banks by the European Union or any other sanctions would likely weigh on a fragile recovery, stoking bets of an even looser policy from the European central Bank. The ECB cut interest rates in June and has left the door open to further monetary easing, which would hurt the euro.
TODAY'S ECONOMIC DATA : Germany Gfk Consumer Sentiment for Aug at 11.30 IST, Germany Ifo Business Climate for Jul at 13.30 IST, U.K. GDP for Q2 at 14.00 IST, U.S. Durable Goods for June at 18.00 IST.
NEAR TERM OUTLOOK FOR RUPEE :The Rupee is expected to continue stronger as our Consumer Price Index-based inflation for June eased to 7.31 % from 8.28 % in May.
POSITIVE FACTORS FOR RUPEE:
1. Heavy inflows in both equity and debt markets.
2. New Central Government Reforms .
3. Maintenance of EEFC accounts at 100% on certain conditions
FACTORS AGAINST RUPEE:
1.Demand from importers. (Oil & Defence).
2.Geo-political situation in Iraq.
Indicative / Forward / Cross Rates:
| Currency | For Export | For Import | Month | For Export | For Import |
|---|---|---|---|---|---|
| Indicative Rates | Indicative Forward Rates | ||||
| USD | 60.12 | 60.15 | JUL 2014 | 60.12 | 60.21 |
| Indicative Cross Rates | AUG 2014 | 60.13 | 60.61 | ||
| GBP | 1.6940 | 1.7034 | SEP 2014 | 60.52 | 61.07 |
| EUR | 1.3419 | 1.3511 | OCT 2014 | 60.98 | 61.51 |
| JPY | 102.21 | 101.36 | NOV 2014 | 61.42 | 61.90 |
| CHF | 0.9070 | 0.8981 | DEC 2014 | 61.81 | 62.36 |
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, July 25, 2014 - 10:35 am (GMT +05:30:00) for ready transactions. All quotations are per unit of Foreign Currency (Japanese Yen in 100 Units).
| Currency | TT | Bills | Cheqs | Bills | TT |
|---|---|---|---|---|---|
| Foreign Currency | Buying | Selling | |||
| EURO | 80.40 | 80.42 | 80.33 | 81.72 | 81.62 |
| POUND STERLING | 101.60 | 101.62 | 101.53 | 102.89 | 102.77 |
| USD | 59.96 | 59.98 | 59.89 | 60.47 | 60.39 |
| CAD | 55.26 | 55.26 | 55.19 | 56.59 | 56.56 |
| SWISS FRANC | 65.60 | 65.60 | 65.53 | 67.34 | 67.33 |
| HKD | 7.69 | 7.70 | 7.62 | 7.89 | 7.86 |
| JPY | 58.16 | 58.16 | 58.09 | 59.64 | 59.63 |
| SGD | 47.66 | 47.66 | 47.59 | 49.25 | 49.23 |
| AUD | 55.92 | 55.94 | 55.85 | 57.57 | 57.54 |
| Currency | CCY Buying | CCY Selling | TC Buying | TC Selling |
|---|---|---|---|---|
| EUR | 79.78 | 82.09 | 79.98 | 82.04 |
| GBP | 100.75 | 103.31 | 100.95 | 103.11 |
| USD | 59.37 | 61.13 | 59.80 | 60.46 |
Prime Rates:
Prime Rates for US Dollar w.e.f. December 18, 2008 is 3.25%
Interest Rates on FCNR-B Deposits
| Currency | 1y - <2y | 2y - <3y | 3y - <4y | 4y - <5y | 5y |
|---|---|---|---|---|---|
| |||||
| USD | 2.55% | 2.58% | 4.01% | 4.39% | 4.68% |
| GBP | 3.04% | 3.34% | 4.71% | 4.98% | 5.18% |
| EUR | 2.44% | 2.33% | 3.40% | 3.51% | 3.67% |
| CAD | 3.50% | 3.45% | 4.64% | 4.81% | 4.99% |
| AUD | 4.66% | 4.78% | 5.93% | 6.15% | 6.31% |
| JPY | 2.33% | 2.18% | 3.19% | 3.22% | 3.28% |
| CHF | 2.19% | 2.10% | 3.14% | 3.22% | 3.33% |
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