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, June 19, 2009 - 10:05 am (GMT +05:30:00) - Indian Standard Time.
Live Market Rates (Updated Frequently):
Table showing Live Market Rates updated frequently| Currency | Bid | Ask |
|---|
|
| US Dollar | 48.0800 | 48.0900 |
| Euro | 66.9300 | 67.0300 |
| Pounds | 78.9400 | 79.0400 |
INR / USD / EURO / GBP
Trend Indicators against INR
- - - - - - - - - - - - - - - - USD-----------------EURO----------GBP
Previous day-----48.0200/48.3200---66.57/67.37 78.18/79.27
Today's opening-48.17/48.18---66.95/67.05 78.59/78.69
Expected range for today
---------------------48.0000/48.3500-------------------------------
& current month-47.0000-48.5000----------------------------------
On Thursday, Rupee opened the trade at 48.00/02. Rupee traded in a narrow range of 48.02 to 48.08 as dollar demand from importers match the dollar sales by exporters. Rupee closely tracked the movement in local stock market and major currencies like Euro during the initial hours of trade. Thereafter dollar purchase by banks for FII�s due to negative stock indices exerted pressure on Rupee and Rupee closed the trade at 48.19/21 after touching intraday high of 48.32.
SPOT/INR :
Today Rupee opened the trade at 48.17/18. Likely positive stock indices and exporters dollar sales could strengthen the Rupee further. However Importers dollar demand at dips could restrict any sharp appreciation of Rupee. Stock market trend and overseas dollar movement could provide intraday direction for Rupee�s trade.
Forward Premium :
On Thursday, forward premiums eased a little bit. Today, premiums are likely to trade tracking domestic treasury yields.
Global Developments :
Dollar held its gains against euro and edged higher against the yen after U.S yields rose following relatively positive data that encouraged hopes for the economy. Global stock indices are in positive zone. Oil prices inched up slightly and Gold prices traded firm.
Near Term Outlook for Rupee:
Rupee is expected to weaken on dollar demand from oil companies and other importers.
FACTORS FOR AND AGAINST RUPEE ARE:
FOR:
1. Higher forex reserves
Against:
1. Higher Trade deficit
2. Stronger dollar overseas
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 | 48.07 | 48.28 | JUNE 2009 | 48.07 | 48.32 |
| Indicative Cross Rates | JULY 2009 | 48.10 | 48.46 |
| EURO | 1.3860 | 1.3950 | AUG 2009 | 48.17 | 48.59 |
| GBP | 1.6280 | 1.6370 | SEP 2009 | 48.24 | 48.70 |
| JPY | 97.00 | 96.10 | OCT 2009 | 48.31 | 48.81 |
| CHF | 1.0900 | 1.0810 | NOV 2009 | 48.38 | 48.82 |
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, June 19, 2009 - 10:05 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 | 66.49 | 66.51 | 66.39 | 67.71 | 67.61 |
| POUND STERLING | 78.16 | 78.19 | 78.04 | 79.33 | 79.21 |
| US DOLLAR | 48.00 | 48.02 | 47.93 | 48.48 | 48.40 |
| CAN DOLLAR | 42.00 | 42.00 | 41.94 | 43.12 | 43.10 |
| SWISS FRANC | 43.64 | 43.64 | 43.57 | 44.92 | 44.91 |
| HKD | 6.16 | 6.16 | 6.15 | 6.33 | 6.30 |
| YEN | 49.07 | 49.07 | 49.00 | 50.47 | 50.46 |
| SGD | 32.43 | 32.43 | 32.38 | 33.68 | 33.66 |
| AUD | 38.00 | 38.01 | 37.94 | 39.16 | 39.14 |
Current CCY / TC Rates| Currency | CCY Buying | CCY Selling | TC Buying | TC Selling |
|---|
| EURO | 65.85 | 68.10 | 66.05 | 68.00 |
| POUND STERLING | 77.30 | 79.75 | 77.55 | 79.55 |
| US DOLLAR | 47.45 | 49.10 | 47.65 | 48.70 |
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 Jun 01, 2009 to Jun 30, 2009.
|
| 12 Months | 2.60% | 2.76% | 2.64% | 2.45% | 4.98% |
| 18 Months | 2.49% | 2.85% | 2.70% | 2.28% | 4.82% |
| 24 Months | 2.38% | 2.93% | 2.76% | 2.11% | 4.65% |
| 30 Months | 2.69% | 3.24% | 2.98% | 2.42% | 4.98% |
| 36 Months | 2.99% | 3.55% | 3.19% | 2.73% | 5.31% |
| 42 Months | 3.26% | 3.78% | 3.38% | 2.93% | 5.54% |
| 48 Months | 3.52% | 4.00% | 3.56% | 3.13% | 5.76% |
| 54 Months | 3.72% | 4.15% | 3.72% | 3.30% | 5.89% |
| 60 Months | 3.92% | 4.30% | 3.87% | 3.47% | 6.02% |
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:
