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 Dec 13 ~ 09:00 - Indian Standard Time.

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

Table showing Live Market Rates updated hourly
CurrencyBuySell
US Dollar70.530070.5400
Euro78.710078.9400
GB Pounds94.870095.1100

Market Trend Analysis - INR / USD / EURO / GBP

Last Updated in part or full on Friday, December 13, 2019 - 11:39 am (GMT +05:30:00)

Trend Indicators against INR
- - - - - - - - - - - - - - - - -USD - - - - - - - - - EURO - - - - - - - -GBP - - - - - -
Previous day----------70.66/70.83-------78.67/78.52------93.32/92.87-------
Today's opening------70.53/70.54-------78.81/78.84------94.97/95.01--------
Today range --------70.40 to 70.80------------------------------------------------
& Current month----70.50 to 72.50-----------------------------------------------

The Indian rupee opened stronger against the dollar at 70.53/54 after US President Donald Trump reportedly signed off on a trade deal with China triggering the biggest advance on the Yuan in a year

SPOT/INR:The Indian rupee ended flat at 70.83/84 against dollar from its previous close of 70.84/85 as a likely intervention by the central bank offset corporate and equity inflows.



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

GLOBAL DEVELOPMENTS:
Asian shares scaled eight-month peaks on Friday as a last-gasp Sino-U.S. trade deal and a likely major election win by Britain's Conservative Party looked to have cleared a couple of dark clouds from the global horizon. The double dose of relief slugged safe-haven sovereign bonds and the Japanese yen, and led markets to scale back the chance of more interest rates cuts around the world. The pound hit its highest since mid-2018 as UK exit polls seemed to rule out a shock win by the left-wing Labour opposition, and could help clarify the outlook for Brexit. Polls suggested Prime Minster Boris Johnson could gain a commanding 368 seats in Britain's Parliament, settling another long-standing uncertainty. The pound was last up 2.4% at $1.3476 and reached levels on the euro not visited since mid-2016. A wave of trade euphoria had already lifted Wall Street to record highs. Reuters reported the United States has agreed to reduce some tariffs on Chinese goods and delay a tranche of tariffs as part of a phase one deal. China also has agreed to make $50 billion in agricultural purchases in 2020 as part of the deal, that person and another U.S. source familiar with the talks said. Wall Street had celebrated the trade news with record highs. The Dow ended Thursday up 0.79%, while the S&P 500 gained 0.86% and the Nasdaq 0.73%. That was bad news for bonds and yields on U.S. 10-year Treasuries shot up to 1.91%, a rise of 12 basis points in just two sessions. Interest rate futures slipped as investors priced in less chance of a rate cut from the Federal Reserve next year - a shift seen across a range of developed nations. Other safe harbours also took a beating, with the yen sliding across the board. The dollar firmed further to 109.52 yen having risen 0.7% overnight. The dollar fared less well elsewhere as the pound and the euro both benefited from the UK exit polls. The euro added 0.4% to $1.1176, while the dollar slipped to 96.742 on a basket of currencies. The dollar also lost out to the Chinese yuan to hit an 18-week low as any trade truce would be seen as a boon for the export-heavy economy. The dollar was last at 6.9715 yuan having shed a steep 1.2% overnight. The shift from safe havens left spot gold flat at $1,468.48 per ounce. Oil prices rallied on hopes a trade deal would support global growth and thus demand. U.S. crude added 35 cents to $59.53 a barrel, while Brent crude rose 47 cents to $64.67.

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
USD70.5370.54DEC 201970.5370.68
Indicative Cross RatesJAN 202070.5970.89
GBP1.34141.3513FEB 202070.8071.10
EUR1.11281.1219MAR 202071.0071.33
JPY110.02109.14APR 202071.2371.72
CHF0.98030.9898MAY 202071.6271.93

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, December 13, 2019 - 11:39 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
USD70.4370.4570.4070.9370.85
GBP94.4094.4294.4595.8695.74
EUR78.1478.1678.2679.6579.55
JPY63.2463.2463.6665.9564.94
AUD47.9047.9248.0349.9149.88
CAD52.8452.8453.0854.1854.15
CHF70.3670.3670.7772.3472.33
SGD51.2651.2651.6852.9952.97
AED19.1419.1619.1919.3319.30
Current CCY / TC Rates
CurrencyCCY BuyingCCY SellingTC BuyingTC Selling
USD69.8471.5970.2770.92
GBP93.5596.2893.7596.08
EUR77.5280.0277.7279.97

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 Dec 2019 to 31st Dec 2019.
USD2.74%2.63%2.82%3.01%3.03%
GBP1.74%1.78%2.03%2.25%2.26%
EUR0.66%0.67%0.94%1.18%1.22%
CAD2.60%2.39%2.37%2.36%2.36%
AUD1.22%1.21%1.33%1.36%1.41%
JPY1.24%1.22%1.46%1.65%1.66%
CHF0.59%0.57%0.85%1.08%1.13%

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