Major developments:
USD is now at 74.80. USDINR opened at 74.80. Expected range: 74.70-74.90 Euro climbed despite dovish ECB decision. Disappointing US GDP weighed on USD.
-USDINR is at 74.80 .Prior day’s close was 74.92.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 6.37%.
-USDINR 1 yr fwd premia is at 4.62%.
USDINR @ 74.80, EUR/USD 1.1673, GBP/USD @ 1.3793, USD/JPY @ 113.69, EUR/INR @ 87.31, GBP/INR @ 103.16 JPY/INR @ 65.79
Gold@1796, WTI Crude @ 83, Nifty @ 17850(-6), 10 Year G-SEC @ 6.37%.
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