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You can see the latest forex market movement trends updated frequently during forex trading hours. International Forex Market Trends and Market Analysis Report are 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 GBP provided below was last updated on Mar 21 ~ 10:00 - Indian Standard Time

Trend Indicators against INR

The Indian Rupee opened stronger at 86.22/86.23 against U.S.Dollar,to the dollar index's recovery with inflows from foreign banks expected to sustain its weekly upward trend. USD/INR range for the day is 86.05 to 86.40 and for this month is 85.50 to 87.50.

SPOT/INR :The Indian Rupee closed stronger at 86.36/86.37 against previous close of 86.44/86.45, its longest winning streak since january 2024 as persistent dollar sales by foreign banks and paring of short bets on the currency helped it weather a stronger dollar.

Asian stocks inched lower on Friday in a subdued end to the week as deepening geopolitical worries and fears over U.S. tariffs and their impact on the global economy curbed investors appetite for risk, keeping safe-haven gold near record highs. Policymakers across the globe struck a cautious note in a week filled with central bank meetings as uncertainty in global economics and politics grew. The U.S. Federal Reserve, the Bank Of Japan and the Bank of England all held rates steady. Central bankers highlighted the unsettled economic outlook due largely to rising trade tensions triggered by the United States under President Donald Trump. Trump intends to impose new reciprocal tariff rates on April 2. Reports of Israeli airstrikes on Gaza and a huge blast from a Ukrainian drone attack on a Russian military airfield were a reminder of rising geopolitical tensions pushing investors towards safe haven assets. Investors will now focus on the details of the Trump administration's April 2 tariffs as markets become increasingly nervous about the impact of tit-for-tat tariffs on inflation and economic growth. The growing uncertainty and the Fed reiterating that it was in no rush to cut rates lent support to the dollar. The dollar index measure against a basket of six counterparts was steady at 103.84, after climbing 0.36% on Thursday. The index fell to a five-month low this week as hopes for growth-friendly policies under Trump gave way to anxiety that the global trade war he started could trigger a U.S. recession. The yen was at 149.11 per dollar in early trading close to the near five month high of 146.545 touched last week. The yen is up 5% this year on expectations that the BOJ will hike rates again in 2025. Data showed Japan's core inflation hit 3.0% in February and an index stripping away the effect of fuel rose at the fastest pace in nearly a year, a sign of broadening price pressure that reinforces market expectations of further interest rate hikes. In commodities, oil prices rose on Friday, poised for their strongest weekly performance since January. Brent crude futures climbed 0.5%, while U.S. West Texas Intermediate crude futures were up 0.6%. Both were set for 2% gains for the week. Gold eased a bit at $3,037.27 a touch below the record high of the previous session, but on course for the third straight week of gains, supported by safe-haven demand.

FACTORS AGAINST RUPEE :

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 / her own risks and no obligation arises to TMB or any of its officials. All such trading involves risks.

Exchange Rates Information last updated in part or full on Friday, March 21,2025 - 10:00 AM (IST) for ready transactions. All quotations are per unit of Foreign Currency except Japanese Yen, which is quoted for 100 Units

The currency rates given herein are only for reference and convenience. The bank has taken due care and caution in compilation of data given herein. The bank however does not guarantee the accuracy, adequacy or completeness of the data and is not responsible for any errors or omissions or for the results obtained from use of such information / data. The bank has no financial liability whatsoever to any user on account of the use of information / data provided in this page.