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Currency	Buy	Sell
US Dollar	0.00	0.00
Euro	88.05	88.08
GB Pounds	MARKET HOLIDAY	0.00

Rates Updated as on November 27~ 10:00 Indian Standard Time.

Rates updated during forex trading hours on bank working days Monday to Friday.

Trend Indicators against INR

----	USD	EURO	GBP
Previous day Closing	83.37 / 83.38	91.16 / 91.17	105.03 / 105.05
Today's opening	0.00 / 0.01	MARKET HOLIDAY / #VALUE!	0.00 / 0.01
Today range	MARKET HOLIDAY	MARKET HOLIDAY	MARKET HOLIDAY
Current month	MARKET HOLIDAY	----	----

"The Indian rupee opened weaker against the U.S. Dollar at 83.21/83.22, tracking non-deliverable forwards despite a spike in the 10-year U.S.treasury yield and a stronger dollar.USD/INR range for the day is 82.95 to 83.30 and for this month is 82.60 to 83.50."

SPOT/INR:The Indian Rupee closed weaker at 83.37/83.38 against its previous close of 83.34/83.35,weighed down by weakness in its asian peers and dollar demand from foreign banks.

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

GLOBAL DEVELOPMENTS :
"U.S. Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Reserve and other major central banks of rates staying elevated for longer. Asia-Pacific stock benchmarks sagged along with gold, while crude oil continued to drift back from 10-month highs. The yield on 10-year Treasury notes rose to 4.552%, a level not seen since October 2007. The U.S. dollar index - which measures the currency against six major developed market peers, including the euro and yen - ticked up 0.05% to 106.00, after reaching 106.10 overnight for the first time since Nov. 30. Traders now put the odds of another quarter-point Fed hike by January at a coin toss, and have pushed the likely start of rate cuts to summer. Westpac strategists see risks skewed toward even higher yields in the near term, pulling up the dollar as well. The next target for the dollar index is 107.20, they said Chicago Fed President said on Monday that inflation staying entrenched above the central bank's 2% target remains a bigger risk than tight Fed policy slowing the economy more than needed. The Fed surprised markets last week by suggesting more tightening may be in the pipeline, and projected high rates to stay in place for longer than investors had anticipated. The European Central Bank and Bank of England have also touted higher rates for longer in policy meetings since the middle of the month. The euro sagged 0.05% to $1.05855, approaching the overnight low of $1.0575, a level last seen in mid-March. Sterling slipped 0.05% to $1.22065, taking it back toward Monday's six-month low of $1.21945.The dollar also held near an 11-month peak of 148.97 yen from overnight, raising the risk of intervention by Japanese authorities. Gold was little changed at around $1,915, after slumping from above $1,947 over the past week. Crude oil remained weak amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight. Brent crude futures were down 11 cents at $93.18 a barrel, and U.S. West Texas Intermediate crude futures were trading 1 cent lower at $89.67."

POSITIVE FACTORS FOR RUPEE :

Continuous foreign fund flows

Domestic Political Stability

FACTORS AGAINST RUPEE :

Demand from importers

Currency	Export	Import	Month	Export	Import
Indicative Cross Rates			Indicative Forward Rates
GBP	1.2152	1.2243	Sep-23	83.21	83.24
EUR	1.0539	1.0633	Oct-23	83.27	83.40
JPY	149.31	148.42	Nov-23	83.37	83.50
CHF	0.9173	0.9087	Dec-23	83.47	83.61
			Jan-24	83.59	83.75
			Feb-24	83.69	83.85

Note 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, September 26, 2023- 10:00 am (IST) for ready transactions. All quotations are per unit of Foreign Currency except Japanese Yen, which is quoted for 100 Units

		TT		TC		BILL		CH	CURRENCY
SL. NO	CURRENCY	BUY	SELL	BUY	SELL	BUY	SELL	BUY	BUY	SELL
1	USD	83.0300	83.4400	81.5900	84.8400	83.0600	83.4700	82.8900	81.5900	84.8400
2	GBP	100.750	101.970	99.3500	103.370	100.770	101.9900	100.4500	99.3500	103.370
3	EUR	87.3400	88.5400	85.9400	89.9400	87.3600	88.5700	87.0400	85.9400	89.9400
4	AUD	52.2800	54.3600	51.2300	55.3600	52.3300	54.1100	52.0800	50.9800	55.3600
5	CAD	60.8900	62.2700	59.7000	63.5400	60.9200	62.2900	60.7000	59.7000	63.5400
6	JPY	55.2000	56.3600	54.2000	57.4100	55.2000	56.3100	55.0500	53.9500	57.6600
7	HKD	10.4800	10.7600	10.1800	11.0600	10.5000	10.7400	10.4300	10.5000	10.7400
8	CHF	89.7100	91.9500	88.5200	93.2200	89.6200	91.9700	89.5200	88.5200	93.3700
9	SGD	59.9800	61.3300	58.7900	62.6000	60.0100	61.3500	59.7900	58.7900	62.6000
10	AED	22.5700	22.7400	22.1200	23.1900	22.5800	22.7700	22.1200	22.1200	23.1900

 

Cross Currency :

	Cross Rate	Bid Rate	Ask Rate
AED / USD	3.67300	3.67260	3.67340
AUD / USD	0.64170	0.64160	0.64180
CAD / USD	1.34775	1.34770	1.34780
CHF / USD	0.91305	0.91300	0.91310
DKK / USD	0.00000	0.00000	0.00000
EUR / USD	1.05850	1.05830	1.05870
GBP / USD	1.21985	1.21980	1.21990
HKD / USD	7.81925	7.81900	7.81950
JPY / USD	148.85500	148.85000	148.86000
NOK / USD	0.00000	0.00000	0.00000
SEK / USD	0.00000	0.00000	0.00000
SGD / USD	1.36825	1.36810	1.36840

*These Rates are Indicative

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.