14/10/2019

Major developments:

USD is now at 70.91. Rupee opened at 70.87 . Expect 70.70-71 range for the day.

Indian CPI is to be released today. IIP shrunk -1.1% in Aug.. US-China mini trade deal (Phase 1) fuelled Equities rally. Indian Equity markets are also climbing today. CNY gained to 7.05, helping EM currencies to rally. RBI has been buying USD to stem Rupee gains. FX reserves has swelled to USD 437 bn.

-USDINR is at 70.91. Friday’s close was 71.01.

-Indian Equity indices climb higher.-Indian 10 year G-SEC yield is at 6.49%.

-USDINR 1 yr fwd premia is at 4.06%.

USDINR @ 70.91, EUR/USD 1.1032, GBP/USD @ 1.2605, USD/JPY @ 108.31, EUR/INR @ 78.22, GBP/INR @ 89.38,

JPY/INR @ 65.45.

Gold@1486, WTI Crude @ 54.80, Nifty @ 11372 (+67), 10 Year G-SEC @ 6.49.