FX RATES AND USDINR FWDS

Major developments:

USD is now at 70.85. Rupee opened at 70.74. Expect 70.74-70.95 range for the day.

Indian CPI climbed steeply and breached RBI’s upper target of 6%. Food prices (Vegetable prices) contributed to steep increase in inflation. 

US removed China from Currency manipulator list, paving the way for phase 1 trade deal.

Gold and Crude declined further y’day.

-USDINR is at 70.85. Y’day’s close was 70.85.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.67%.

-USDINR 1 yrfwdpremia is at 4.23%.

USDINR @ 70.85, EUR/USD 1.1138, GBP/USD @ 1.2994, USD/JPY @ 110.06, EUR/INR @ 78.91, GBP/INR @ 92.06, JPY/INR @ 64.37.

Gold@1538, WTI Crude @ 58.08, Nifty @ 12326(-3), 10 Year G-SEC @ 6.67.

 

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