Major developments:
USD is now at 74.26. USDINR opened at 74.16. Expected range: 74.15-74.33.
Focus is in US employment data to be released on Friday. RBI’s meeting is on 6 th Aug. RBI is expected to maintain status quo. RBI Governor’s assessment of growth and inflation will be keenly watched.
US ISM(non mfrg) was stronger than expected. However, private employment added far less jobs than expected.
-USDINR is at 74.26. Prior day’s close was 74.19.
-Indian Equity indices decline marginally.
-Indian 10 year G-SEC yield is at 6.20%.
-USDINR 1 yr fwd premia is at 4.20%.
USDINR @ 74.26 EUR/USD 1.1838, GBP/USD @ 1.3895, USD/JPY @ 109.65, EUR/INR @ 87.92, GBP/INR @ 103.20, JPY/INR @ 67.73.
Gold@1813, WTI Crude @ 68.45, Nifty @ 16233(-25), 10 Year G-SEC @ 6.20%.
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