22/08/2019

Major developments:

USD is now at 71.71. Rupee opened at 71.55 . Expect 71.55-71.80 range for the day. FOMC minutes did not indicate series of rate cuts. RBI minutes noted the significant slow down in economic activity, supporting aggressive rate cuts.

-USDINR is at 71.71. Y’day’s close was 71.55.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.56%.

-USDINR 1 yr fwd premia is at 4.10%.

USDINR @ 71.71, EUR/USD 1.1082, GBP/USD @ 1.2118, USD/JPY @ 106.42, EUR/INR @ 79.46, GBP/INR @ 86.89, JPY/INR @ 67.38.

Gold@1500, WTI Crude @ 55,65, Nifty @ 10860 (-56), 10 Year G-SEC @ 6.56