Major developments:

USD is now at 75.27. Rupee opened at 75.23. Expect 75.10-75.30 range for the day.

1)Indian Trade account registered a surplus of USD 0.79 bn in June as against trade deficit of USD 3.15 bn in May. Imports contracted -47.6% and exports contracted-12.4%.

2)Chinese Q2 GDP expanded 3.2% as against a decline of -6.8% in Q1.

3)Reliance AGM had no new announcements and the stock was sold, dragging index lower.

4)ECB meeting is the focus of the day.

-USDINR is at 75.27. Prior day’s close was 75.15.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 5.82%.

-USDINR 1 yr fwd premia is at 3.80%.

USDINR @ 75.27, EUR/USD 1.1399, GBP/USD @ 1.2548, USD/JPY @ 106.94, EUR/INR @ 85.80, GBP/INR @ 94.44 JPY/INR @ 70.40.

Gold@1811, WTI Crude @ 40.78, Nifty @ 10660(+43), 10 Year G-SEC @ 5.82.

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