20/02/2020
Major developments:
USD is now at 71.71. Rupee opened at 71.79. Expect 71.55-71.80 range for the day. China cut
rates by 10 bps today. Yuan declined to 7.02 from 6.99. Crude is up and Global indices rallied
y’day. INR opened weaker due to losses in EM Currencies.
-USDINR is at 71.71. Tuesday’s close was 71.56.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 6.40%.
-USDINR 1 yr fwd premia is at 3.80%.
USDINR @ 71.71, EUR/USD 1.0797, GBP/USD @ 1.2908, USD/JPY @ 111.38, EUR/INR @ 77.43, GBP/INR @ 92.56
JPY/INR @ 64.38.
Gold@1609, WTI Crude @ 53.65, Nifty @ 12115(-10), 10 Year G-SEC @ 6.40.