Major developments:
USD is now at 74.46. USDINR opened at 74.38. Expected range: 74.33-74.49.
FOMC’S QE taper indication has triggered fall in commodity and Equity markets. USD is strong againt majors.
RBI ref rates:
-USDINR is at 74.46. Prior day’s close was 74.25.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.22%.
-USDINR 1 yr fwd premia is at 4.15%.
USDINR @ 74.46, EUR/USD 1.1686, GBP/USD @ 1.3626, USD/JPY @ 109.66, EUR/INR @ 87, GBP/INR @ 101.45, JPY/INR @ 67.89.
Gold@1787, WTI Crude @ 63.70, Nifty @ 16412(-155), 10 Year G-SEC @ 6.22%.
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