FX RATES AND USDINR FWDS

Major developments:

USD is now at 70.65. Rupee opened at 70.43 . After initial gains to 70.35, Rupee has 

weakened to 70.65. Expect 70.35-70.80 range for the day.

Markets may remain on tenterhooks as there are reports that US could limit Chinese 

Corporates access to US capital markets. Oil is steady, but could spike if Saudi-Iran tensions 

escalate. Chinese markets are closed for a week.

-USDINR is at 70.64. Frday’s close was 70.55.

-Indian Equity indices decline as banking stocks fall.

-Indian 10 year G-SEC yield is at 6.71%.

-USDINR 1 yr fwd premia is at 4.30%.

USDINR @ 70.64, EUR/USD 1.0937, GBP/USD @ 1.2296, USD/JPY @ 107.85, EUR/INR @ 77.25, GBP/INR @ 86.85, 

JPY/INR @ 65.50.

Gold@1493, WTI Crude @ 56, Nifty @ 11421 (-92), 10 Year G-SEC @ 6.71.

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