USD is now at 74.28. USDINR opened at 74.28`. Expected range: 74.25-74.35.
US data on consumer spending, Fed Chief’s speech at Jackson hole symposium and delta covid cases will remain the focus of this week.
Though USDINR pair is technically bullish, there is very little upside movement. The range of 74.10-74.50 may hold till Friday.
-USDINR is at 74.28. Prior day’s close was 74.39.
-Indian Equity indices trade flat after gap up open.
-Indian 10 year G-SEC yield is at 6.24%.
-USDINR 1 yr fwd premia is at 4.23%.
USDINR @ 74.28, EUR/USD 1.1721, GBP/USD @ 1.3653, USD/JPY @ 109.87, EUR/INR @ 87.07, GBP/INR @ 101.42, JPY/INR @ 67.70.
Gold@1789, WTI Crude @ 63.20, Nifty @ 16450(0), 10 Year G-SEC @ 6.24%.
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