FX RATES AND USDINR FWDS

Major developments:

 

USD is now at 71. Rupee opened at 71.03 . Expect 70.85-71.15 range for the day. 

ECB left rates unchanged Y’day.

 

-USDINR is at 71. Y’day’s close was 71.02.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.50%.

-USDINR 1 yr fwd premia is at 3.96%.

 

USDINR @ 71, EUR/USD 1.1103, GBP/USD @ 1.2841, USD/JPY @ 108.66, EUR/INR @ 78.83, GBP/INR @ 91.15, JPY/INR @ 65.34.

Gold@1503, WTI Crude @ 55.90, Nifty @ 11585 (+3), 10 Year G-SEC @ 6.50.

 

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