FX RATES AND USDINR FWDS

26/08/2019

Major developments:

USD is now at 72.09. Rupee opened at 71.97 . Expect 71.95-72.25 range for the day. Rupee weakened tracking Yuan’s decline to 7.14. EM Currencies are also under pressure. China’s retaliation and US counter retaliation have spooked Global markets. Asian markets are down over 2%. Indian Equity indices are trading flat after a positive opening. Govt unveiled economic measures on Friday to stem growth slow down and boost credit.

-USDINR is at 72.09. Friday’s close was 71.66.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.52%.

-USDINR 1 yr fwd premia is at 3.90%.

USDINR @ 72.09, EUR/USD 1.1144, GBP/USD @ 1.2267, USD/JPY @ 105.27, EUR/INR @ 80.33, GBP/INR @ 88.43,

JPY/INR @ 68.48.

Gold@1542, WTI Crude @ 53.45, Nifty @ 10820 (-10), 10 Year G-SEC @ 6.52.

 

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