USD is now at 71.14. Rupee opened at 71.18 . Expect 71-71.25 range for the day. USDINR fwd premia declined due to fall in 10 Year G-SEC yield. Govt has decided to stick to its original borrowing programme despite fears of fiscal slippage.
Indian IIP and CPI are the focus events for this week. Global Equities continued to be under pressure as US blacklisted more Chinese companies for human rights violations. Crude also remained soft on Global uncertainity. Chinese CNY is under pressure due to escalating US- Chinese trade tensions.
-USDINR is at 71.14. Monday’s close was 71.02.
-Indian Equity indices climb marginally.
-Indian 10 year G-SEC yield is at 6.43%.
-USDINR 1 yr fwd premia is at 4.10%.
USDINR @ 71.14, EUR/USD 1.0960, GBP/USD @ 1.2210, USD/JPY @ 107.17, EUR/INR @ 77.96, GBP/INR @ 86.86, JPY/INR @ 66.38.
Gold@1505, WTI Crude @ 52.55, Nifty @ 11134 (+8), 10 Year G-SEC @ 6.43.