Rupee gains to 68.46 at open and is now at 68.54. Pboc sells USD to bring Yuan down to 6.62. Markets will be nervous due to trade issues. Unless US backs from its protectionist measures, there will be an attempt by EM countries to allow weakness in their currencies to partially compensate for higher US tariffs. EU and UK PMI(services) are in focus today. US is closed today.
-INR is at 68.54. Y’day’s close was 68.57.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 7.87%.
-USDINR 1 yr fwd premia is at 4.33%.
USDINR @ 68.54, EUR/USD 1.1660, GBP/USD @ 1.3198, USD/JPY @ 110.46, EUR/INR @ 79.91, GBP/INR @ 90.45, JPY/INR @ 62.04.
Gold@1256, WTI Crude @ 74.55, Nifty @ 10685 (-14), 10 Year G-SEC @ 7.87.