Forex Analysis Report
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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 Feb 06 ~ 14:06 - Indian Standard Time.
Latest Market Rates (Updated Every 15-30 Minutes)
| Currency | Buy | Sell |
|---|---|---|
| ||
| US Dollar | 48.8300 | 48.8500 |
| Euro | 63.6500 | 63.9000 |
| GB Pounds | 76.8500 | 77.1000 |
Market Trend Analysis - INR / USD / EURO / GBP
Trend Indicators against INR
- - - - - - - - - - - - - - - - USD-----------------EURO----------GBP
Previous day----48.67/49.19-----64.06/64.58-----77.05/77.76--------------
Today's opening-48.60/48.61--63.55/63.65---76.60/76.70-------------------
Today range ----48.50/48.9000---------------------------
& current month-48.30/51.0000--------------------
The Indian rupee posted its fifth straight weekly gain on Friday, aided by a gush of foreign funds as investors bet on a monetary easing to boost growth in Asia’s third largest economy. The Indian stock market’s rise of nearly 14% this year has kept up hopes of increased foreign fund inflows. The market rose 2.2% this week.
color=green>SPOT/INR : The Indian rupee opened at 48.60/61 stronger after surprisingly robust U.S. jobs data bolstered investor risk appetite across world markets. At 0225 GMT, the MSCI index of Asian stocks ex-Japan was up 0.32 percent, while the Nifty India stock indicating a positive opening for local stocks.
FORWARD PREMIUM :Forward dollar premium may move in a narrow band tracking the spot market.
GLOBAL DEVELOPMENTS ::Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investor risk appetite, overshadowing worries about a lack of progress in Greek debt restructuring talks that are vital to containing the euro zone crisis. But Greece drag as a number of major conditions demanded by the “Troika”, representing Greece’s European Union, European Central Bank and IMF lenders, were still outstanding. Athens must tell the EU by Monday whether they accept the stern terms of a new bailout deal. Without the deal, Athens would head for a disorderly default. The United States created jobs at the fastest pace in nine months in January and unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama. Traders said the developments on the Greece rescue package would be watched for further direction. Greece’s coalition parties must tell the European Union by Monday whether they accept the painful terms of a new bailout deal worth 130 billion euros in order to avoid a disorderly default. color=blue>
NEAR TERM OUTLOOK FOR RUPEE ::Today, the rupee may move in a range of 48.50 to 48.90.
POSITIVE FACTORS FOR RUPEE:
1. Strong GDP Growth
FACTORS AGAINST RUPEE:
1. Current Account Deficit 2. Inflation
Indicative / Forward / Cross Rates:
| Currency | For Export | For Import | Month | For Export | For Import |
|---|---|---|---|---|---|
| Indicative Rates | Indicative Forward Rates | ||||
| USD | 48.60 | 48.61 | FEB 2012 | 48.60 | 48.90 |
| Indicative Cross Rates | MAR 2012 | 48.79 | 49.22 | ||
| EURO | 1.3043 | 1.3133 | APR 2012 | 49.10 | 49.55 |
| GBP | 1.5730 | 1.5820 | MAY 2012 | 49.43 | 49.80 |
| JPY | 77.08 | 76.99 | JUNE 2012 | 49.57 | 50.03 |
| CHF | 0.9259 | 0.9169 | JULY 2012 | 49.85 | 50.24 |
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, February 06, 2012 - 10:30 am (GMT +05:30:00) for ready transactions. All quotations are per unit of Foreign Currency (Japanese Yen in 100 Units).
| Currency | TT | Bills | Cheqs | Bills | TT |
|---|---|---|---|---|---|
| Foreign Currency | Buying | Selling | |||
| EURO | 63.32 | 63.34 | 63.25 | 64.55 | 64.45 |
| POUND STERLING | 76.46 | 76.48 | 76.39 | 77.63 | 77.51 |
| US DOLLAR | 48.60 | 48.62 | 48.53 | 49.10 | 49.02 |
| CANADIAN DOL | 48.33 | 48.33 | 48.26 | 49.64 | 49.61 |
| SWISS FRANC | 52.00 | 52.00 | 51.93 | 53.56 | 53.55 |
| HKD | 6.23 | 6.24 | 6.16 | 6.40 | 6.37 |
| YEN | 62.53 | 62.53 | 62.46 | 64.34 | 64.33 |
| SGD | 38.42 | 38.42 | 38.35 | 39.92 | 39.90 |
| AUD | 51.68 | 51.70 | 51.61 | 53.24 | 53.21 |
| Currency | CCY Buying | CCY Selling | TC Buying | TC Selling |
|---|---|---|---|---|
| EURO | 62.70 | 64.92 | 62.90 | 64.87 |
| GBP | 75.61 | 78.05 | 75.81 | 77.85 |
| USD | 48.01 | 49.76 | 48.44 | 49.09 |
Prime Rates:
Prime Rates for US Dollar w.e.f. December 18, 2008 is 3.25%
Interest Rates on FCNR-B Deposits
| Month | USD | GBP | EUR | CAD | AUD |
|---|---|---|---|---|---|
| |||||
| 12m | 2.35% | 3.14% | 2.98% | 3.12% | 6.13% |
| 18m | 2.07% | 2.82% | 2.70% | 2.78% | 5.61% |
| 24m | 1.78% | 2.49% | 2.42% | 2.44% | 5.09% |
| 30m | 1.83% | 2.50% | 2.46% | 2.47% | 5.11% |
| 36m | 1.87% | 2.51% | 2.50% | 2.50% | 5.13% |
| 42m | 1.97% | 2.57% | 2.58% | 2.56% | 5.25% |
| 48m | 2.06% | 2.63% | 2.66% | 2.61% | 5.37% |
| 54m | 2.18% | 2.69% | 2.76% | 2.68% | 5.44% |
| 60m | 2.30% | 2.75% | 2.85% | 2.75% | 5.50% |
NOSTRO: These accounts are Foreign Currency accounts maintained by us abroad. If the instructions are given as mentioned above, we will be able to apply the funds immediately on receipt of our account. The remittances can be made through the NOSTRO accounts for the credit of your account with us:
Our Contact Email ID: nospam@tnmbonline.com
