05/06/2018
Major developments:
USDINR is expected to remain steady ahead of RBI policy tomorrow. There is a grwoing feeling that RBI may consider rate hike. If rate hike happens, Equities could fall and Rupee may temporarily gain. Y’day’s low of 66.85 has to be broken for a decline to 66.50. Resistance is expected at 67.30.
-INR is at 67.17. y’day’s close was 67.11.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.86%.
-USDINR 1 yr fwd premia is at 4.14%.
USDINR @ 67.17, EUR/USD 1.1687, GBP/USD @ 1.3310, USD/JPY @ 109.96, EUR/INR @ 78.50, GBP/INR @ 89.40, JPY/INR @ 61.08.
Gold@1295, WTI Crude @ 65, Nifty @ 10591 (-37), 10 Year G-SEC @ 7.86.
