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 16 ~ 09:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar70.800070.8100
Euro78.700078.9100
GB Pounds94.740094.9500

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Monday, December 16, 2019 - 11:02 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - - - -USD - - - - - - - - - EURO - - - - - - - -GBP - - - - - -
Previous day----------70.53/70.81-------78.52/78.71------93.92/92.87-------
Today's opening------70.80/70.81-------78.80/78.81------94.84/94.85--------
Today range --------70.60 to 71.00------------------------------------------------
& Current month----70.50 to 72.50-----------------------------------------------

The Indian rupee opened flat against the dollar at 70.80/81 amid focus on the Chinese Yuan following the Sino-American trade truce.


SPOT/INR:The Indian rupee ended flat at 70.81/82 against dollar from its previous close of 70.83/84 boosted by dollar inflows and growing optimism over a trade deal between the United States and China.

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

GLOBAL DEVELOPMENTS:
Asian shares ticked higher on Monday as investors cheered an announced trade agreement between Beijing and Washington over the weekend although jubilation was capped by prevailing scepticism about the deal. U.S. Trade Representative Robert Lighthizer on Sunday said a deal was "totally done", notwithstanding some needed revisions, and would nearly double U.S. exports to China over the next two years. That helped push the MSCI's broadest index of Asia-Pacific shares outside Japan, which had touched its highest level since April 24 on Friday, up 0.21%. Australian shares jumped, adding 1.23%. But Japan's Nikkei 225 pulled back 0.21% after a strong rally on Friday that pushed the index to a 14-month high. The small drop in Japanese shares also reflected continued investor trepidation over the specifics of the trade deal. The "phase one" agreement came ahead of the deadline on Sunday for a new round of U.S. tariffs on almost $160 billion of Chinese imports. The 17-month-old trade dispute has roiled financial markets and taken a toll on world economic growth. U.S. shares had struck a cautious note on Friday, paring intial gains to end barely higher as weary investors await signs of a concrete deal. However, the news of a deal was still enough to send the S&P 500 to a record closing high of 3,168.8, up 0.01%. The Nasdaq Composite added 0.2% to end at 8,734.88, also a record, and the Dow Jones Industrial Average rose 0.01% to 28,135.38. U.S. Treasury yields moved higher on Monday, reflecting the positive
mood. Benchmark 10-year Treasury notes rose to 1.8365% compared with its U.S. close of 1.821% on Friday and the two-year yield touched 1.616% compared with a U.S. close of 1.604%. The dollar rose 0.05% against the yen to 109.403 and the euro was slightly higher at $1.1123. Sterling, which jumped last week after the UK general election produced a strong Conservative majority, notched up 0.23% to $1.3356. The dollar index, which tracks the greenback against a basket of six major rivals, was down at 97.140. Oil prices, which had risen on Friday following the deal, cooled in early Asian trade on Monday. U.S. West Texas
Intermediate crude was down 0.38% at $59.84 per barrel. Spot gold prices fell 0.1%, with the precious medal trading hands at $1,473.88 per ounce.


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
USD70.8070.81DEC 201970.8070.94
Indicative Cross RatesJAN 202070.8571.16
GBP1.33521.3443FEB 202071.0771.37
EUR1.10841.1178MAR 202071.2871.61
JPY109.83108.95APR 202071.5172.00
CHF0.97940.9888MAY 202071.9172.22

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 Monday, December 16, 2019 - 11:02 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
USD70.6470.6670.6171.1471.06
GBP94.1094.1294.1595.5395.41
EUR78.0678.0878.1879.5679.46
JPY63.5563.5563.9765.2665.25
AUD47.7247.7447.8549.7349.70
CAD52.9552.9553.1954.2954.26
CHF70.6470.6471.0572.6472.63
SGD51.3151.3151.7353.0353.01
AED19.1919.2119.2419.3919.36
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD70.0571.8070.4871.13
GBP93.2595.9593.4595.75
EUR77.4479.9377.6479.88

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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