Major developments: USD is now at 77.24. USDINR opened at 77.29. Today, the pair could trade in the 77.20-77.45 Zone. US and Indian Inflation data are key events for this week. USDINR has supports at 76.98 and resistance is at 77.55. Fear of excessive rates tightening, Chinese lockdown and Ukraine war continue to dominate economic and market developments. -USDINR is at 77.24 .Prior day’s close was 77.46. -Indian Equity indices trade marginally higher. -Indian 10 year G-SEC yield is at 7.39%. …
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Major developments: USD is now at 82.57. USDINR opened at 82.57. Fwd premia – 1 year fwdpremia is at 1.76% p.a.-RBI kept repo rates unchanged at 6.5% and monetary stance remained unchanged.-FY 24 GDP is projected at 6.5% and inflation is expected to be at 5.1%.-RBI Governor said that CAD is well contained and FX reserves at USD 595 bn is verycomfortable.RBI ref rate: -USDINR is at 82.57.Prior day’s close was 82.53.-Indian Equity indices climb. -Indian 10 year G-SEC yield is at 6.99%.-USDINR 1 …
USDINR opened at 82.55 y’day and the pair traded in the 82.48-82.57 range. Spot USDINR closed at 82.53, loss of 8 ps for USD as against prior close of 82.61. RBI reference rate was fixed at 82.53 on 07/06. June USD/INR closed at 82.57, loss of 10 ps for USD as compared to prior day’s close of 82.67. June Euro/INR closed at 88.58, GBP/INR at 102.90 and Yen/INR at 59.55. 1 year USDINR fwd premia was trading at around 1.78% p.a. FX reserves …
Major developments: USD is now at 82.56. USDINR opened at 82.57. Fwd premia – 1 year fwdpremia is at 1.78% p.a.-World bank raised Global growth rate forecast to 2.1% from 1.7% in 2023. Indian GDP is expected to climb by 6.3%.-RBI policy is expected tomorrow.RBI ref rate: -USDINR is at 82.56.Prior day’s close was 82.61.-Indian Equity indices climb. -Indian 10 year G-SEC yield is at 6.97%.-USDINR 1 yr fwd premia is at 1.78%. USDINR @ 82.56, EUR/USD@ 1.0695, GBP/USD @ 1.2428, USD/JPY @ 139.25, EUR/INR …
USDINR opened at 82.56 y’day and the pair traded in the 82.56-82.66 range. Spot USDINR closed at 82.61, loss of 7 ps for USD as against prior close of 82.68. RBI reference rate was fixed at 82.64 on 06/06. June USD/INR closed at 82.67, loss of 6 ps for USD as compared to prior day’s close of 82.73. June Euro/INR closed at 88.51, GBP/INR at 102.63 and Yen/INR at 59.55. 1 year USDINR fwd premia was trading at around 1.75% p.a. FX reserves …
Major developments: USD is now at 82.57. USDINR opened at 82.54. Fwd premia – 1 year fwdpremia is at 1.75% p.a.-US ISM(services) declined to 50.3, though still in expansion mode.-Indian PMI(services) was strong in May at 61.2.RBI ref rate: -USDINR is at 82.57.Prior day’s close was 82.63.-Indian Equity indices decline. -Indian 10 year G-SEC yield is at 6.98%.-USDINR 1 yr fwd premia is at 1.75%. USDINR @ 82.57, EUR/USD@ 1.0723, GBP/USD @ 1.2449, USD/JPY @ 139.54, EUR/INR @ 88.53, GBP/INR @ 102.79, JPY/INR @ 59.17.Gold@1976, …
USDINR opened at 82.45 y’day and the pair traded in the 82.44-82.68 range. Spot USDINR closed at 82.68, loss of 37 ps for USD as against prior close of 82.31. RBI reference rate was fixed at 82.57 on 05/06. June USD/INR closed at 82.73, gain of 34 ps for USD as compared to prior day’s close of 82.39. June Euro/INR closed at 88.55, GBP/INR at 102.47 and Yen/INR at 59.28. 1 year USDINR fwd premia was trading at around 1.70% p.a. FX reserves …
USDINR opened at 82.32 on Friday and the pair traded in the 82.27-82.38 range. Spot USDINR closed at 82.31, loss of 10 ps for USD as against prior close of 82.41. RBI reference rate was fixed at 82.32 on 02/06. June USD/INR closed at 82.39, loss of 10 ps for USD as compared to prior day’s close of 82.49. June Euro/INR closed at 88.79, GBP/INR at 103.20 and Yen/INR at 59.61. 1 year USDINR fwd premia was trading at around 1.78% p.a. FX …
WEEKLY SYNOPSIS: 02/06/2023 Currency Map: Currency Pairs WEEK CLOSE PRIOR WEEK CLOSE % change USD/INR 82.31 82.57 -0.31 EUR/INR 88.66 88.79 -0.14 GBP/INR 103.21 102.03 1.15 JPY/INR 59.27 59.20 0.11 Brent Crude closed at USD 76.40 VS prior week close of USD 77. Gold closed at USD 1964. Nifty closed at 18534 vs prior week close of 18499. 10 Year G-SEC Yield closed at 6.98%. Major developments: USDINR traded in the 82.27-82.79 range last week and closed at 82.31 loss …
Major developments: USD is now at 82.31. USDINR opened at 82.32. Fwd premia – 1 year fwdpremia is at 1.78% p.a. -US debt deal was passed by US Congress. With uncertainty removed, USD declined as risk on trade was evident.-Rupee gained on flows related to Vedanta, some start ups. Adani related inflows is also expected.-USD inflows was around USD 5 bn in May. Higher inflows, declining commodity prices and strong service exports are supportive for Rupee.-Indian PMI(mfrg) rose to 31 month high reading of 58.7.-US Nonfarm payrolls data …
Midcap index hits all-time high, smallcap index at fresh 52-week high in early trade BSE Midcap index hits fresh all-time high and BSE Smallcap index hits its fresh 52-week high, boosted by strong macroeconomic numbers and positive global cues. The benchmark index BSE Sensex also witnessed gains, rising nearly 300 points in early trade. The benchmark index BSE Sensex also witnessed smart gains, rising nearly 300 points in early trade on June 2 On expected lines, the domestic market appears …