Major developments:
USD is now at 73.42. USDINR opened at 73.35. Expect 73.20-73.50 range for the day.
GST collection for Feb stands at 1.13 lac Cr. Maruti reported 8% increase in sales. Hyundai reported 29% growth in Car sales in Feb. Commodity prices are declining. WTI Crude is down below USD 60. Copper has also declined 8% from its recent peak. Gold and Euro are also weakening.
-USDINR is at 73.42. Prior day’s close was 73.55.
-Indian Equity indices are trading flat.
-Indian 10 year G-SEC yield is at 6.20%.
-USDINR 1 yr fwd premia is at 4.91%.
USDINR @ 73.42, EUR/USD 1.2020, GBP/USD @ 1.3874, USD/JPY @ 106.84, EUR/INR @ 88.23, GBP/INR @ 101.83, JPY/INR @ 68.70.
Gold@1711, WTI Crude @ 59.80, Nifty @ 14788(-9), 10 Year G-SEC @ 6.20%.
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