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International Forex Market Trends and Rates for USD, Euro and Pounds provided below was last updated on Jun 30 ~ 17:00 - Indian Standard Time.
Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day--- -67.43/67.62----75.96/76.23-----98.87/99.38-------
Today range ------67.25/67.60-----------------------------------------------
& current month--66.80/68.00----------------------------------------------
The Indian rupee closed slightly up @ 67.47/48 against US dollar versus its previous close of 67.50/67.51, as crude oil importers stepped up greenback purchases.
SPOT/INR:The Indian rupee opened little stronger at 67.43/44 against the U.S. Dollar, tracking its Asian peers, as risk appetite improved after latest polls indicated Britain was more likely to vote to remain in the European Union at today’s referendum.
FORWARD PREMIUM: Forward dollar/rupee premium are likely to take cues from the spot.
GLOBAL DEVELOPMENTS:Asian shares edged up and sterling stood close to its peak for the year on Thursday, as investors were cautiously optimistic that British voters would opt to remain in the European Union at a referendum later in the session. Two opinion polls published late on Wednesday, a few hours before voters were due to begin to cast their votes, showed the "Remain" camp gaining momentum in the closely divided campaign "Markets seem to have almost entirely priced in a 'Remain' vote win, meaning that the market moves and volatility around the vote may be far less than many had been expected," wrote Angus Nicholson, market analyst at IG in Melbourne. "Nonetheless, markets are still incredibly nervous and some sharp market moves are likely over the next 24 hours," he said. The euro rose 0.2 percent to $1.1322, while the dollar index, which tracks the greenback against a basket of six rival currencies, slipped 0.1 percent to 93.582. On the U.S. data front, home resales rose to a more than nine-year high last month against a backdrop of historically low mortgage rates, adding to recent upbeat second quarter data. Crude oil prices rose after settling down more than 1 percent on Wednesday after the U.S. government reported a smaller-than-expected inventory drawdown.
TODAY'S ECONOMIC DATA:Japan Foreign invest JP Stock @ 05.20 IST. Japan Nikkei Mfg PMI Flash @ 07.30 IST, France Markit Mfg flash PMI, service flash PMI, Comp flash PMI @ 12.30 IST. Eurozone Markit Mfg flash PMI, service flash PMI, Comp flash PMI @ 13.30 IST, Italy industrial orders & sales MM & YY @ 13.30 IST, US Initial Jobless claims initial, Jobless claims 4 wk avg, continued jobless claims, national activity index @ 18.00 IST, US market PMI flash @ 19.15 IST, US leading index chg MM, New home sales units & CHG MM @ 19.30 IST, US KC fed Manufacturing & composite index @ 20.30 IST.
NEAR TERM OUTLOOK FOR RUPEE:The near term range has shifted higher with immediate Resistance now at 67.60 and the psychologically 66.90 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
|Currency||For Export||For Import||Month||For Export||For Import|
|Indicative Rates||Indicative Forward Rates|
|Indicative Cross Rates||JULY 2016||67.47||67.88|
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.
Exchange Rates Information last updated in part or full on Thursday, June 30, 2016 - 10:26 am (GMT +05:30:00) for ready transactions. All quotations are per unit of Foreign Currency (Japanese Yen in 100 Units).
|Currency||CCY Buying||CCY Selling||TC Buying||TC Selling|
Prime Rates for US Dollar w.e.f. December 18, 2008 is 3.25%
|Currency||1y - <2y||2y - <3y||3y - <4y||4y - <5y||5y|
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