Major developments:

USD is now at 82.27. USDINR opened at 81.90.

Fwd premia – 1 year fwd premia is at 1.70% p.a. 

Rupee declined past 82.25, as US services data and Friday’s employment data were strong and investors turned nervous on rate hikes.

Fed is expected to slow rate hikes from Dec.

These strong data could force Fed to revise its stand. CNY gained as China eased Covid curbs in many provinces. Possible USD outflow for Chinese imports, outflow after MSCI rebalancing are also reasons attributed to Rupee’s sharp fall since Y’day.

Brent crude prices also declined. RBI is set to announce 35 bps rate hike on Wednesday.

RBI ref rate:

-USDINR is at 82.27 .Prior day’s close was 81.80.

-Indian Equity indices correct lower marginally.

-Indian 10 year G-SEC yield is at 7.24%.

-USDINR 1 yr fwd premia is at 1.70%.

USDINR @ 82.27, EUR/USD@ 1.0489, GBP/USD @ 1.2190, USD/JPY @ 136.88, EUR/INR @ 86.27, GBP/INR @ 100.25, JPY/INR @ 60.09

Gold@1785, Brent Crude @ 83, Nifty @ 18634(-66), 10 Year G-SEC @ 7.24%.

Click to open an Account : https://ekyc.gwcindia.in/client/

For all your investment needs feel free to reach us.

Give us Missed Call us on 90037 90027 . For Support : 044-40329999

Leave a reply:

Your email address will not be published.

Site Footer