FX RATES AND USDINR FWDS

Major developments:

Global markets is showing signs of stabilisation.

USDINR Support is at 70.10 and later at 69.75. Next resistance is at 70.80. Imports can be covered on decline to 69.75. 

Exports can be hedged at 70.80.

USDINR is at 70.27. Y’day’s close was 70.30.

-Indian Equity indices climb marginally.

-Indian 10 year G-SEC yield is at 7.39%.

-USDINR 1 yr fwd premia is at 4.24%.

USDINR @ 70.27, EUR/USD 1.1210, GBP/USD @ 1.2850, USD/JPY @ 109.50, EUR/INR @ 78.78, GBP/INR @ 90.29, 

JPY/INR @ 64.17.

Gold@1296, WTI Crude @ 62.60, Nifty @ 11167 (+10), 10 Year G-SEC @ 7.39.

 

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