FX RATES AND USDINR FWDS

Major developments:

USD is now at 71.62. Rupee opened at 71.57 . Expect 71.45-71.75 range for the day. 

Indian trade deficit narrowed to USD 10.38 bn in Sept. Exports and imports were down. 

Brexit hopes fuelled further rally in Pound. US-China trade tensions continue despite mini trade deal.

-USDINR is at 71.62. Y’day’s close was 71.54.

-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 @ 71.62, EUR/USD 1.1031, GBP/USD @ 1.2757, USD/JPY @ 108.68, EUR/INR @ 79, GBP/INR @ 91.36, 

JPY/INR @ 65.89.

Gold@1483, WTI Crude @ 53.08, Nifty @ 11452 (+24), 10 Year G-SEC @ 6.49.

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