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You can see the latest forex market movement trends updated frequently during forex trading hours. International Forex Market Trends and Market Analysis Report are 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 GBP provided below was last updated on May 08 ~ 10:00 - Indian Standard Time
Currency |
Buy |
Sell |
---|---|---|
US Dollar |
83.49 |
83.50 |
Euro |
89.73 |
89.74 |
GB Pounds |
104.35 |
104.36 |
---- |
USD |
EUR |
GBP |
---|---|---|---|
Previous day Closing |
83.51 / 83.52 |
89.74 / 89.75 |
104.38 / 104.40 |
Today's opening |
83.49 / 83.50 |
89.73 / 89.74 |
104.35 / 104.36 |
Today range |
83.40 to 83.60 |
89.20 to 90.20 |
104.00 to 104.80 |
Current month |
83.00 to 83.70 |
____ |
____ |
The Indian rupee opened flat against U.S.Dollar at 83.49/83.50, amid dollar strength and a central bank that is likely to intervene. USD/INR range for the day is 83.40 to 83.60 and for this month is 83.00 to 83.70.
The Indian Rupee closed weaker at 83.50/83.51 against its previous close of 83.47/83.48, as dollar sales from state-run banks supported the currency even as most of its asian peers weakened.
GLOBAL DEVELOPMENTS :Asian stocks lacked direction on Wednesday, while the dollar remained firm despite lower U.S. Treasury yields as markets assessed mixed signals from U.S. policymakers and economic data on the path for Federal Reserve interest rates. The yen remained on the back foot even with the threat of currency intervention from Japanese authorities to support it. Crude oil hovered near two-month lows amid signs of easing supply pressure and continued hopes for a Middle East ceasefire. The U.S. dollar index which measures the currency against the yen, euro, sterling and three other major peers - rose 0.09% to 105.51, adding to Tuesday's 0.3% advance. The euro edged down 0.12% to $1.07325 and sterling lost 0.14% to $1.24915. On Tuesday, Minneapolis Fed President Neel Kashkari suggested the U.S. central bank may need to forgo interest rate cuts this year due to stubborn inflation. Last week, Fed Chair Jerome Powell said the wait to loosen policy is taking longer than anticipated, but signalled his inclination is still to cut. And while prices have been sticky, the labour market showed some signs of weakening in the monthly payrolls data from Friday. Consumer price data in a week from now will be closely watched. Debate continues within markets and amongst policymakers about the appropriate level for interest rates. A lack of major U.S. economic data in the days ahead (means) there was little to position for or react to. For now, the markets see marginally higher chances for two cuts in the U.S. this year, with the first fully baked in for November. U.S. long-term Treasury yields US10YT=RR stood at 4.4651% in Asian trading, after dipping to a nearly one-month low of 4.42% on Tuesday. Gold slipped 0.16% to around $2,310 per ounce. Crude oil extended Tuesday's declines after market sources said that data due later from the American Petroleum Institute will show a jump in U.S. crude and fuel stocks for last week, a sign of lower demand. Meanwhile, the U.S. believes negotiations on a Gaza ceasefire should be able to close the gaps between Israel and Hamas, lessening the risks of supply disruptions. Brent crude oil futures fell 32 cents, or 0.38%, to $82.84 a barrel. U.S. West Texas Intermediate crude futures fell 28 cents, or 0.36%, to $78.10 a barrel.
FACTORS AGAINST RUPEE :
Currency |
Export |
Import |
Month |
Export |
Import |
---|---|---|---|---|---|
Indicative Rates | Indicative Forward Rates | ||||
Indicative Cross Rates |
May-24 |
83.54 |
83.58 |
||
Jun-24 |
83.59 |
83.68 |
|||
GBP |
1.244 |
1.2531 |
Jul-24 |
83.69 |
83.78 |
EUR |
1.0696 |
1.0787 |
Aug-24 |
83.79 |
83.88 |
JPY |
155.57 |
154.68 |
Sep-24 |
83.89 |
83.98 |
CHF |
0.9133 |
0.9044 |
Oct-24 |
84.00 |
84.10 |
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 / her own risks and no obligation arises to TMB or any of its officials. All such trading involves risks.
Exchange Rates Information last updated in part or full on Wednesday, May 08,2024 - 10:00 AM (IST) for ready transactions. All quotations are per unit of Foreign Currency except Japanese Yen, which is quoted for 100 Units
|
|
TT |
TC |
BILL |
CH |
CURRENCY |
||||
SL. NO |
CURRENCY |
BUY |
SELL |
BUY |
SELL |
BUY |
SELL |
BUY |
BUY |
SELL |
1 |
USD |
83.31 |
83.72 |
81.87 |
85.12 |
83.34 |
83.75 |
83.17 |
81.87 |
85.12 |
2 |
GBP |
103.5 |
104.75 |
102.1 |
106.15 |
103.52 |
104.77 |
103.2 |
102.1 |
106.15 |
3 |
EUR |
88.93 |
90.14 |
87.53 |
91.54 |
88.95 |
90.17 |
88.63 |
87.53 |
91.54 |
4 |
AUD |
53.76 |
55.85 |
52.71 |
56.85 |
53.81 |
55.6 |
53.56 |
52.46 |
56.85 |
5 |
CAD |
59.89 |
61.24 |
58.7 |
62.51 |
59.92 |
61.26 |
59.7 |
58.7 |
62.51 |
6 |
JPY |
53.14 |
54.24 |
52.14 |
55.29 |
53.14 |
54.19 |
52.99 |
51.89 |
55.54 |
7 |
HKD |
10.52 |
10.8 |
10.22 |
11.1 |
10.54 |
10.78 |
10.47 |
10.54 |
10.78 |
8 |
CHF |
90.42 |
92.65 |
89.23 |
93.92 |
90.33 |
92.67 |
90.23 |
89.23 |
94.07 |
9 |
SGD |
60.73 |
62.08 |
59.54 |
63.35 |
60.76 |
62.1 |
60.54 |
59.54 |
63.35 |
10 |
AED |
22.65 |
22.81 |
22.2 |
23.26 |
22.66 |
22.84 |
22.2 |
22.2 |
23.26 |
|
Cross Rate |
Bid Rate |
Ask Rate |
AED / USD |
3.6729 |
3.6724 |
3.6734 |
AUD / USD |
0.6573 |
0.6572 |
0.6574 |
CAD / USD |
1.375 |
1.3748 |
1.3752 |
CHF / USD |
0.9091 |
0.9089 |
0.9093 |
DKK / USD |
0 |
0 |
0 |
EUR / USD |
1.0741 |
1.0739 |
1.0743 |
GBP / USD |
1.2488 |
1.2486 |
1.249 |
HKD / USD |
7.81855 |
7.8185 |
7.8186 |
JPY / USD |
155.165 |
155.15 |
155.18 |
NOK / USD |
0 |
0 |
0 |
SEK / USD |
0 |
0 |
0 |
SGD / USD |
1.35615 |
1.3559 |
1.3564 |
The currency rates given herein are only for reference and convenience. The bank has taken due care and caution in compilation of data given herein. The bank however does not guarantee the accuracy, adequacy or completeness of the data and is not responsible for any errors or omissions or for the results obtained from use of such information / data. The bank has no financial liability whatsoever to any user on account of the use of information / data provided in this page.