FX RATES AND USDINR FWDS

06/09/2019

Major developments:

USD is now at 71.77. Rupee opened at 71.76 . Expect 71.65-71.85 range for the day.

US services data was strong enough to overcome contraction in mfrg data. Pound moved higher as chances of UK leaving EU without a deal diminshed. US-China trade talks are set to resume in Oct. Gold declined and Crude climbed higher. Focus is on US nonfarm payrolls data, to be released later tonight.

-USDINR is at 71.77. Y’day’s close was 71.85.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.60%.

-USDINR 1 yr fwd premia is at 4.24%.

USDINR @ 71.77, EUR/USD 1.1037, GBP/USD @ 1.2328, USD/JPY @ 106.96, EUR/INR @ 79.21, GBP/INR @ 88.47,

JPY/INR @ 67.10

Gold@1518, WTI Crude @ 56.25, Nifty @ 10890 (+42), 10 Year G-SEC @ 6.60.

 

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