FX RATES AND USDINR FWDS

Major developments:

USD is now at 71.12. Rupee opened at 71.20. Expect 71.05-71.25 range for the day.

Equities rally as US-Iran tensions subside. World Bank cut Global economic growth to 2.5% 

for 2020. Indian growth rate downgraded to 5% for 2019-20.

-USDINR is at 71.12. y’day’s close was 71.21.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.56%.

-USDINR 1 yr fwd premia is at 4.17%.

USDINR @ 71.12, EUR/USD 1.1108, GBP/USD @ 1.3077, USD/JPY @ 109.54, EUR/INR @ 79, GBP/INR @ 93 JPY/INR @ 64.92.

Gold@1547, WTI Crude @ 59.38, Nifty @ 12280(+65), 10 Year G-SEC @ 6.56.

 

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