17/05/2019

Major developments:

Equity market is showing signs of stabilisation ahead of election results.

USDINR Support is at 70 and later at 69.75. Next resistance is at 70.50/70.80. Imports can be covered on decline to 69.75. 

Exports can be hedged at 70.80.

-USDINR is at 70.18. Y’day’s close was 70.04.

-Indian Equity indices climb marginally.

-Indian 10 year G-SEC yield is at 7.38%.

-USDINR 1 yr fwd premia is at 4.27%.

USDINR @ 70.18, EUR/USD 1.1179, GBP/USD @ 1.2792, USD/JPY @ 109.70, EUR/INR @ 78.45, GBP/INR @ 89.77, 

JPY/INR @ 63.96.

Gold@1286, WTI Crude @ 63.30, Nifty @ 11306 (+49), 10 Year G-SEC @ 7.38.