FX RATES AND USDINR FWDS

 

19/06/2019

Major developments:

Fed’s economic projection and statement would give insight into how much worry Fed has over trade issue and its impact on growth. Fed Chairman is expected to balance healthy economic growth vis a vis impact of US-China trade war.

EURO declined as ECB President hinted at asset purchases or further reduction in rates. Oil spiked higher as Saudi is pressuring OPEC to maintain production cut.

-USDINR is at 69.60. Y’day’s close was 69.70.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 6.84%.

-USDINR 1 yr fwd premia is at 4.52%.

USDINR @ 69.60, EUR/USD 1.1189, GBP/USD @ 1.2557, USD/JPY @ 108.35, EUR/INR @ 77.87, GBP/INR @ 87.39,JPY/INR @ 64.23.

Gold @ 1346 , WTI Crude @ 54.30, Nifty @ 11783 (+92), 10 Year G-SEC @ 6.84.

 

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