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 Sep 25 ~ 15:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar64.990065.0100
Euro77.250077.5000
GB Pounds87.850088.1000

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - -USD - - - - - - - -EURO - - - - - - - -GBP - - - - - -
Previous day-------64.75/65.16------77.34/77.88-----87.69/88.44-----
Today's opening---64.84/64.85------77.24/77.46-----87.62/87.84-----
Today range ------64.70 to 64.90-----------------------------------------
& current month--64.00 to 65.50-----------------------------------------


The Indian rupee ended little stronger at 64.79/80 against dollar from its previous close of 64.8050/8150, rupee recovers from its near six month low and was closed little changed against USD as FM saying that the govt would soon announce measures to revive economic growth that has decelerated to the slowest pace in three years.

SPOT/INR: The Indian Rupee opened weaker at 64.84/85 against the US Dollar, tracking mixed cues from the regional markets after German Chancellor Angela Merkel won a fourth term, but will have to govern a less stable coalition.

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

GLOBAL DEVELOPMENTS: The euro slipped on Monday after German Chancellor Angela Merkel won a fourth term but faced a fractured parliament as support for the far-right surged, while Asian shares pulled back, weighed by concerns about China's economy. The New Zealand dollar also took a hit as the Pacific country's ruling National Party won the largest number votes in a weekend election but failed to secure a ruling majority, with a protracted period of coalition building now a possibility. The euro was down 0.2 percent at $1.1930, putting more distance between a 2-1/2-year high of $1.2092 reached on Sept. 8, when a European Central Bank policy meeting left currency bulls optimistic the ECB would begin tapering its big stimulus programme. Two years after Merkel left German borders open to more than 1 million migrants, the anti-immigration Alternative for Germany (AfD) stunned the establishment by becoming the first far-right party to enter parliament in more than half a century. Chinese stocks remained shaky after falling towards the end of last week following the Federal Reserve's hawkish policy stance and S&P's downgrade of China's sovereign rating. Hong Kong's Hang Seng was down 0.8 percent and Shanghai slipped 0.3 percent after a number of Chinese cities rolled out new cubs to further slow home property sales. South Korea's KOSPI shed 0.4 percent while Japan's Nikkei bucked the trend and rose 0.6 percent thanks to the yen's weakening against the dollar. The pound inched up after sliding on Friday, when British Prime Minister Theresa May failed to give any concrete details for how Britain might retain preferential access to Europe's single market after Brexit. The greenback added 0.3 percent at 112.320 yen, reversing losses suffered on Friday when the exchange of insults between U.S. President Donald Trump and North Korea heated up, sapping broader risk appetite.

Japan Nikkei Mfg PMI @ 06.00 IST, Denmark Ifo, business climate, current conditions, expectations @ 13.30 IST, US national activity inde, dallas fed @ 20.00 IST.

POSITIVE FACTORS FOR RUPEE:
1. Continuous foreign fund flows, Domestic Political Stability and USD weakness.

FACTORS AGAINST RUPEE:
1. Demand from importers. (Oil & Defence), Continuous geopolitical tensions & expected USFED monetary tightening

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates
CurrencyFor ExportFor ImportMonthFor ExportFor Import
Indicative RatesIndicative Forward Rates
USD64.8464.85SEP 201764.8464.85
Indicative Cross RatesOCT 201764.8465.10
GBP1.34841.3576NOV 201765.0765.32
EUR1.18831.1975DEC 201765.2965.53
JPY112.63111.75JAN 201865.5065.76
CHF0.97500.9665FEB 201865.7365.97

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, September 25, 2017 - 11:54 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
USD64.6864.7064.6165.1865.10
GBP87.2387.2587.1688.4388.31
EUR76.7976.8176.7278.0977.99
JPY56.9356.9356.8658.3158.30
AUD50.9350.9550.8652.5852.55
CAD51.9351.9351.8653.1353.10
CHF65.8365.8365.7667.5067.49
SGD47.3747.3747.3048.9248.89
AED17.5717.5917.5017.7717.74
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD64.0965.8464.5265.17
GBP86.3888.8586.5888.65
EUR76.1778.4676.3778.41

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 Sep 01, 2017 to Sep 30, 2017.
USD2.69%2.81%3.12%3.40%3.49%
GBP1.64%1.80%2.13%2.41%2.49%
EUR1.00%1.07%1.42%1.74%1.87%
CAD2.88%2.84%3.19%3.47%3.54%
AUD3.08%3.22%3.61%4.08%4.19%
JPY1.27%1.28%1.54%1.75%1.77%
CHF0.63%0.68%1.05%1.33%1.43%

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