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 Jan 24 ~ 15:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar71.310071.3200
Euro78.670078.9200
GB Pounds93.580093.8300

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Friday, January 24, 2020 - 10:54 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - - - -USD - - - - - - - - - EURO - - - - - - - -GBP - - - - - -
Previous day----------71.33/71.34-------78.79/78.81------93.57/93.58-------
Today's opening------71.21/71.27-------78.82/78.90------93.37/93.67--------
Today range --------71.20 to 71.45------------------------------------------------
& Current month----70.50 to 72.00-----------------------------------------------

The Indian rupee opened weaker against the dollar at 71.33/34 as investors await further details about the China respiratory virus outbreak.


SPOT/INR:The Indian rupee ended weaker at 71.27/28 against dollar from its previous close of 71.19/20 as foreign banks stepped up dollar purchases due to weal regional risk appetite amid concerns over the spread of a new flu-like virus in China and beyond.

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

GLOBAL DEVELOPMENTS:
Stocks made a barely positive start in early Asian trade on Friday after the world's health body called it a little too early to declare a coronavirus outbreak a global emergency. But worries over rapid spread of the deadly virus kept investors on guard as millions of Chinese travel during the Lunar New Year holiday period. MSCI's broadest index of Asia-Pacific shares outside Japan rose a marginal 0.1%, while Japan's Nikkei stood flat and Australian stock added 0.4%. Trade in Asia is already slowing down for the Lunar New Year holiday, with financial markets in China, Taiwan and South Korea closed on Friday. Key indices on Wall Street bounced from lows after the World Health Organisation (WHO) said the latest coronavirus did not yet constitute a global public health emergency. The Nasdaq Composite rose 0.2% to a record closing high, while the S&P 500 added 0.1% and the Dow Jones
Industrial Average eased 0.1%. The WHO called a new coronavirus that has killed 18 people in China and infected around 650 globally "an emergency in China" on Thursday, but stopped short of declaring the epidemic of international concern. In the currency market, the concerns about the virus supported the yen. The Japanese currency traded at 109.53 yen per dollar, having risen to a two-week high of 109.26 on Thursday. The euro fell to a sevenweek low versus the dollar of $1.1036 overnight after the European Central Bank left its policy rates unchanged but President Christine Lagarde struck a slightly dovish tone than some had expected. U.S. West Texas Intermediate (WTI) crude futures were up a marginal 0.05% at $55.61 a barrel, after hitting $54.77 in the previous session, the lowest level since Nov. 20.



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
USD71.3371.34JAN 202071.3371.39
Indicative Cross RatesFEB 202071.3271.61
GBP1.30761.3167MAR 202071.5171.84
EUR1.10041.1096APR 202071.7472.15
JPY109.90109.03MAY 202072.0572.37
CHF0.97390.9653JUN 202072.2772.62

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, January 24, 2020 - 10:54 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
USD71.1771.1971.1471.6771.59
GBP92.8992.9192.9494.3194.19
EUR78.0778.0978.1979.5779.47
JPY63.9863.9864.4065.7165.70
AUD47.8447.8647.9749.8549.82
CAD53.5453.5453.7854.8854.85
CHF72.2472.2472.6574.2574.24
SGD51.8651.8652.2853.6053.58
AED19.3419.3619.3919.5319.50
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD70.5872.3371.0171.66
GBP92.0494.7392.2494.53
EUR77.4579.9477.6579.89

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 01st Jan 2020 to 31st Jan 2020.
USD2.76%2.66%2.90%3.11%3.13%
GBP1.75%1.82%2.10%2.33%2.37%
EUR0.69%0.71%1.01%1.28%1.33%
CAD2.66%2.50%2.52%2.53%2.55%
AUD1.36%1.41%1.47%1.64%1.70%
JPY1.29%1.29%1.54%1.75%1.76%
CHF0.65%0.65%0.95%1.21%1.27%

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