Foreign Exchange Market Analysis Report

Foreign Exchange Market Analysis Report:

International Forex Market Trend / Comments / Information / Report and Rates provided below was last updated in part or full on Friday, August 14, 2009 - 10:15 am (GMT +05:30:00) - Indian Standard Time.

Live Market Rates (Updated Frequently):

Table showing Live Market Rates updated frequently

Currency	Bid	Ask
Rates Updated as on Aug 14, 2009 17:00 Indian Standard Time (GMT+05:30). Rates updated only in forex trading hours on bank working days monday to friday. Click Here to See the Foreign Exchange Live Rates and Trend Charts.
US Dollar	48.2400	48.2500
Euro	68.8700	68.9700
Pounds	79.8200	79.9200

INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - - - USD-----------------EURO----------GBP
Previous day-----48.1100/48.4900---67.35/68.35 78.50/79.75
Today's opening-48.21/48.22---68.71/68.81 79.83/79.93
Expected range for today
---------------------48.1000/48.3500-------------------------------
& current month-47.5000-48.5000----------------------------------

On Wednesday, Rupee opened the trade at 48.16/17 in a weaker note. Weakness in domestic equity market and dollar demand from import corporates prompted the Rupee to trade in a weaker bias and Rupee weakened upto the level of 48.49. However dollar sales by export corporates restricted further depreciation of Rupee and recovery of stock indices towards the close eased the pressure on Rupee and Rupee closed the trade at 48.36/37.

SPOT/INR :
Today Rupee opened the trade 48.21/22 in a weaker note. Likely bearish stock indices and dollar demand from import corporates could weaken the Rupee further. However exporters dollar sales if any could restrict any sharp depreciation of Rupee. Overseas dollar movement and stock market trend could provide intraday direction for Rupee�s trade.

Forward Premium :
On Wednesday, forward premiums eased on exporter coverings. Today premiums are likely to trade tracking domestic treasury yields.

Global Developments :
Dollar softened across the board with risk appetite returning on renewed hopes of economic recovery. Key Asian stock indices seen mixed. Oil and Gold prices edged up slightly.

Near Term Outlook for Rupee:
With given outlook, rupee is to trade in a narrow range with downward bias.

POSITIVE FACTORS FOR RUPEE:
1. Exporters dollar sales
2. Huge Forex Reserve


FACTORS AGAINST RUPEE:
1. Importers dollar demand.
2. Bearish equity market
3. Monsoon concerns
4. Swine flu impact

Indicative / Forward / Cross Rates:

Table showing Indicative / Indicative Forward / Indicative Cross Rates

Currency	For Export	For Import	Month	For Export	For Import
Indicative Rates			Indicative Forward Rates
USD	48.11	48.32	AUG 2009	48.11	48.38
Indicative Cross Rates			SEP 2009	48.16	48.50
EURO	1.4220	1.4310	OCT 2009	48.26	48.63
GBP	1.6530	1.6620	NOV 2009	48.37	48.76
JPY	95.60	94.70	DEC 2009	48.47	48.88
CHF	1.0770	1.0680	JAN 2010	48.58	48.99

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, August 14, 2009 - 10:15 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

Currency	TT	Bills	Cheqs	Bills	TT
Foreign Currency	Buying			Selling
EURO	68.27	68.29	68.17	69.52	69.42
POUND STERLING	79.43	79.45	79.31	80.61	80.49
US DOLLAR	48.07	48.09	48.00	48.55	48.47
CAN DOLLAR	43.75	43.75	43.68	44.92	44.90
SWISS FRANC	44.27	44.27	44.20	45.57	45.56
HKD	6.16	6.17	6.15	6.34	6.31
YEN	49.87	49.87	49.80	51.29	51.28
SGD	32.81	32.81	32.76	34.08	34.06
AUD	40.16	40.18	40.10	41.38	41.36

Current CCY / TC Rates

Currency	CCY Buying	CCY Selling	TC Buying	TC Selling
EURO	67.60	69.90	67.80	69.85
POUND STERLING	78.55	81.05	78.80	80.85
US DOLLAR	47.50	49.20	47.70	48.75

Prime Rates:

Prime Rates for US Dollar w.e.f. June 30, 2006 is 8.25%

Interest Rates on FCNR-B Deposits:

FCNR-B Deposits

Period / Currency	USD	GBP	Euro	CAD	AUD
Above Interest Rates applicable from Aug 01, 2009 to Aug 31, 2009.
12 Months	2.50%	2.42%	2.35%	2.60%	5.40%
18 Months	2.53%	2.80%	2.57%	2.50%	5.45%
24 Months	2.56%	3.17%	2.79%	2.39%	5.49%
30 Months	2.87%	3.56%	3.02%	2.72%	5.80%
36 Months	3.17%	3.94%	3.25%	3.04%	6.11%
42 Months	3.41%	4.18%	3.42%	3.25%	6.32%
48 Months	3.64%	4.41%	3.58%	3.46%	6.53%
54 Months	3.82%	4.55%	3.71%	3.62%	6.63%
60 Months	4.00%	4.69%	3.83%	3.77%	6.72%

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: