29/08/2019

Major developments:

USD is now at 72. Rupee opened at 71.91 . Expect 71.80-72.10 range for the day. 

Rupee is down, despite new FDI relaxation measures announced by Govt y’day. Focus is now on Q1 GDP.  USDINE FWD premia has moved higher in the longer tenor.

-USDINR is at 72. Y’day’s close was 71.77.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.58%.

-USDINR 1 yr fwd premia is at 4.30%.

USDINR @ 72, EUR/USD 1.1085, GBP/USD @ 1.2212, USD/JPY @ 105.87, EUR/INR @ 79.81, GBP/INR @ 87.92, 

JPY/INR @ 68

Gold@1544, WTI Crude @ 55.45, Nifty @ 10970 (-76), 10 Year G-SEC @ 6.58.