08/06/2020

Major developments:

USD is now at 75.56. Rupee opened at 75.60. Expect 75.40-75.65 range for the day. Global Equities rallied on better than expected US employment data. US Economy added 2.5 mn jobs in May. EU GDP and US FOMC meetings are key events for the week. Crude is buoyed by extension of production cut and lifting of lock down in major economies.

-USDINR is at 75.56. Prior day’s close was 75.58.

-Indian Equity indices climb 1.49%.

-Indian 10 year G-SEC yield is at 5.83%.

-USDINR 1 yr fwd premia is at 3.78%.

USDINR @ 75.56, EUR/USD 1.1286, GBP/USD @ 1.2701, USD/JPY @ 109.48, EUR/INR @ 85.29, GBP/INR @ 95.98, JPY/INR @ 68.95.

Gold@1690, WTI Crude @ 40, Nifty @ 10293(+150), 10 Year G-SEC @ 5.82.