FX RATES AND USDINR FWDS

Major developments:

USDINR and Equity markets are trading steady ahead of final election result . FOMC minutes is the key event for the day.

USDINR Support is at 69.35 . Next resistance is at 70/70.30. 

-USDINR is at 69.71. Y’day’s close was 69.72.

-Indian Equity indices climb marginally.

-Indian 10 year G-SEC yield is at 7.31%.

-USDINR 1 yr fwd premia is at 4.23%.

USDINR @ 69.71, EUR/USD 1.1154, GBP/USD @ 1.2717, USD/JPY @ 110.44, EUR/INR @ 77.75, GBP/INR @ 88.65, 

JPY/INR @ 63.12.

Gold@1274, WTI Crude @ 62.60, Nifty @ 11750 (+41), 10 Year G-SEC @ 7.31.

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