8:05 PM Comment0 Comments

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8:03 PM Comment0 Comments

Forex Trading

Deals in the forex marketplace rely on international money amongst many countries to create a harmonious marketplace where millions of trades are done on a daily basis. The forex stock market is much like America marketplace, as individuals trade, but the marketplace and the over all effects are much larger. The ones doing transactions in the forex stock market include the UBS, the Deutsche bank, HSBC, and numerous others like Citigroup and Merrill Lynch and even more American financial businesses.

To get your hands dirty in the forex exchange, getting in touch with one of these experienced financial institutions would be your best bet. Sure, anyone can get involved in the forex market, but it requires some education on how the forex market flows and just where you should place your money at any one time.

8:02 PM Comment0 Comments

Find the latest in the world of Foreign Exchange Markets both at TMB, Nationally and Internationally. Get the latest upto date news / report about the forex related information from us. Learn about the interest rate movements as and when they happen right here right now. This can be your one stop forex news point for the latest and upto date news about forex markets.

NRE Term Deposit - Interest Rates revised

Oct1

The NRE Term Deposit Rates are revised with effect from October 01, 2007. Now, you get 4.9% for deposits above one year but below two years. 4.59% for deposits above two years but below three years. 4.64% for deposits of three years upto ten years only. read more >>

RBI revises the interest rates on FCNR (B)

Jan1

Reserve Bank of India has revised the interest rates on FCNR (B) deposits of all maturities contracted effective close of business in India on January 31, 2007 are subject to a ceiling of LIBOR/SWAP rates for the corresponding maturities MINUS 25 basis points (as against should not exceed LIBOR/SWAP rate) prevailing on the last working day of the previous month for relevant maturity and currency.

Interest Rate Ceiling on FCNR(B) Deposits Revised

Mar29

Reserve Bank of India has revised the interest rates on FCNR(B) deposits of all maturities contracted effective close of business in India on March 28, 2006 should not exceed LIBOR/ SWAP rate (as against 25 basis points below the LIBOR/SWAP) prevailing on the last working day of the previous month for relevant maturity and currency. read more >>

NRE Savings Bank Deposits - Interest Revised

Nov18

Interest rate on NRE Savings Bank Deposits with effect from November 18, 2005 is 3.50%

Acceptance of Deposits - Revised Guidelines

Apr24

RBI has prohibited persons other than Authorised Dealers/Authorised Banks to accept deposits from NRIs out of inward remittances from overseas or by debit to NRE/ FCNR (B) Accounts.

8:01 PM Comment0 Comments

Foreign Exchange Market Analysis Report:

International Forex Market Trend / Comments / Information / Report and Rates provided below was last updated in part or full on Thursday, July 30, 2009 - 10:25 am (GMT +05:30:00) - Indian Standard Time.

Live Market Rates (Updated Frequently):

Table showing Live Market Rates updated frequently
CurrencyBidAsk
US Dollar48.350048.3600
Euro67.940068.0400
Pounds79.640079.7400

INR / USD / EURO / GBP

Trend Indicators against INR
- - - - - - - - - - - - - - - - USD-----------------EURO----------GBP
Previous day-----48.2800/48.5100---67.85/68.63 78.69/79.58
Today's opening-48.53/48.54---68.12/68.22 79.38/79.48
Expected range for today
---------------------48.3000/48.7500-------------------------------
& current month-47.5000-49.2500----------------------------------


On Wednesday, Rupee opened lower the trade at 48.33/34. Bearish stock indices on account of fall in Asian Stock indices and month end dollar demand from import corporates weakened the Rupee upto the level of 48.51. However dollar selling at rise by exporters and recovery of stock indices towards the close restricted further depreciation of Rupee and Rupee closed the trade at 48.41/42

8:00 PM Comment0 Comments

The Forex Department at IBD, Chennai is equipped with state of art fully loaded and most modern dealing room with dedicated and experienced financial executives manning the forex services to cater to the ever growing customer base utilizing our forex services.

Forex Services:

  • Competitive exchange rates
  • Export finance
  • Import finance
  • All types of Inward and Outward remittances
  • Foreign Currency TC
  • Exchange rate counseling
  • Derivatives to Hedge forex risks offered
  • Foreign Currency Loans
  • Fast and efficient services
  • Wide correspondent bank network all over the Globe
  • Full fledged state of art fully loaded Modern Dealing Room

Foreign Exchange Dealing Room:

Dealing Room at Intnl. Business Development Division, Chennai

Pictured above is our fully operational and 100% functional international dealing room with highly trained and efficient people in-charge of all our international forex services.

7:59 PM Comment0 Comments

EUR/USD 1.4126 1.4129 1.4065 1.4135
USD/JPY 95.31 95.34 95.25 95.63
GBP/USD 1.6517 1.6521 1.6486 1.6528
USD/CHF 1.0845 1.0848 1.0842 1.0886
CHF/JPY 87.85 87.90 87.68 87.98
GBP/JPY 157.43 157.51 157.29 157.89
EUR/CAD 1.5263 1.5271 1.5231 1.5280
GBP/CHF 1.7914 1.7922 1.7911 1.7960
EUR/CHF 1.5321 1.5325 1.5301 1.5330
AUD/USD 0.8280 0.8284 0.8236 0.8285
USD/CAD 1.0805 1.0810 1.0803 1.0855
EUR/GBP 0.8550 0.8553 0.8524 0.8554
EUR/JPY 134.63 134.67 134.29 134.71
NZD/USD 0.6560 0.6565 0.6511 0.6565
CAD/JPY 88.17 88.24 88.00 88.35
EUR/AUD 1.7054 1.7061 1.7030 1.7087
AUD/CAD 0.8946 0.8954 0.8923 0.8960
AUD/JPY 78.91 78.97 78.64 79.06
DOW JONES 9105 9115 9079 9118
GOLD 937.30 938.20 932.90 938.55
S&P 500 983.65 984.40 980.90 984.40
NASDAQ 1605.2 1613.7 1601.5 1614.0
SILVER 13.61 13.66 13.46 13.69
CRUDE OIL 67.14 67.24 66.42 67.37
MoneyForex Financial Ltd.

7:59 PM Comment0 Comments

Forex vs. Equities and Futures
In our opinion, the trading of foreign exchange provides significant advantages over equities trading and futures trading. In addition to these advantages, the seamless 24 hour nature of the Forex market gives the trader a unique advantages of reacting to news and worldwide developments instantaneously, participating in real-time, in the largest trading market in the world.

Forex Trading
Equities Trading
Futures Trading
Leverage *
Upto 100:1*
2:1
15:1
Liquidity
Volume: $1.5 Trillion Aprox.
Limited Liquidity
Limited Liquidity
Commissions
Lowest Commissions
Commissions and Exchange Fees
Commissions and Exchange Fees
Trading Hours
24 Hour Market
7 Hours with
Limited After Hours

7 Hours with
Limited After Hours

Ability to Trade in Rising or Declining Markets
Unlike equity and fixed income managers, a Forex trader is able to trade under any market conditions by either buying or selling a particular currency in relationship to another. In the Forex market there will always be one currency strengthening against another, unlike stock shares that move only up or down.

Global Diversification
The performance of equity and fixed income investments in one country is quite often, highly correlated with the performance of equity and fixed income investments in other countries. Global portfolios composed solely of equity and fixed income investments lack full diversification, even if they are geographically dispersed. Investing in currencies gives investors access to markets beyond equity and fixed income investments, providing more diversification and increased portfolio risk management.