HomeNRI / Forex BankingForex ServicesForex Analysis Report

Forex Analysis Report

get daily professional forex analysis report here

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 May 18 ~ 17:00 - Indian Standard Time.

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

Market Trend Analysis - INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - - - USD-----------------EURO----------GBP
Previous day----54.22/54.58-----69.01/69.40----86.20/86.75--------------
Today's opening-54.65/54.66--69.20/69.30---86.10/86.20-------------------
Today range ----54.50/54.90---------------------------
& current month-52.00/55.00--------------------

The Indian rupee hit a record low against the dollar for a second session in a row on Thursday as global risk assets remained largely under pressure, leading the central bank to intervene again according to traders. The cross settled at 54.47/48 per dollar on Wednesday after hitting a record closing low 54.49/50 on Wednesday

color=green>SPOT/INR : The Indian rupee opened weak at 54.65/66 .after steep falls in asian stocks. Nifty futures in Singapore trading. 1.6 percent down.

FORWARD PREMIUM : Forward premium are likely to be ease as banks may sell forward dollars after rise in the premium markets.

GLOBAL DEVELOPMENTS : The safe-haven yen posted sharp against the Euro and dollar on Thursday on concerns about anks in in Spain and Greece chances of contagion if Greece leaves the euro and disappointing U>S economic data The Japanese currency earlier jumped to a three month high against both the dollar and euro as talk of possible Spanish bank down grades pushed European equities sharply lower and kept under pressure. The Euro had fallen to a four month low verses the dollar but recovered by early afternoon to trade slightly higher on the day. Troubles in Greece and spain added to concern the euro zone lacks a firm a plan to deal with its problems , The second round of greek election may well put actual exit process in motion and we would likely see euro/dollar test $1.20 in that scenario, Greece will hold fresh election on June 17 after last weekends polls ended in deadlock. The fact that so many are talking of a possible greek exit from the single currency, including sober central bankers shows that the threat to Greeces continued membership of the euroozone is a real one said BNP Paribas in a research note.. color=blue>

NEAR TERM OUTLOOK FOR RUPEE :: Weak euro and demand from oil importers were weighing on the rupee. India’s central bank sold dollars in early trade via state run banks on Tuesday, sharply strengthening the rupee as it approached its life time lows, traders said

POSITIVE FACTORS FOR RUPEE:
1. Strong GDP Growth

FACTORS AGAINST RUPEE:
1. Current Account Deficit 2. Inflation

Indicative / Forward / Cross Rates:

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, May 18, 2012 - 10:29 am (GMT +05:30:00) for ready transactions. All quotations are per unit of Foreign Currency (Japanese Yen in 100 Units).

Prime Rates:

Prime Rates for US Dollar w.e.f. December 18, 2008 is 3.25%

Interest Rates on FCNR-B Deposits

Our Contact Email ID: nospam@tnmbonline.com