FX RATES AND USDINR FWDS

Major developments:

 

USD is now at 70.96. Rupee opened at 71.01 . Expect 70.85-71.05 range for the day. Yuan has climbed to 7.0750, contributing to Rupee strength.

ECB announced open ended QE and cut deposit rates by 10 bps. Indian CPI was steady at 3.21% and July IIP climbed 4.3%.

-USDINR is at 70.96. Y’day’s close was 71.13.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.67%.

-USDINR 1 yr fwd premia is at 4.45%.

USDINR @ 70.96, EUR/USD 1.1072, GBP/USD @ 1.2348, USD/JPY @ 108.10, EUR/INR @ 78.56, GBP/INR @ 87.62, JPY/INR @ 65.65.

Gold@1497, WTI Crude @ 55.15, Nifty @ 10971 (-10), 10 Year G-SEC @ 6.67.

 

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