04/05/2020

Major developments:

USD is now at 75.77. Rupee opened at 75.71. Expect 75.60-75.90 range for the day.

Rupee has declined today tracking weakness in Yuan, which was jolted by US President’s

hint of new tariffs on Chinese imports. Global and Indian indices are also down close to 4%

on new trade worries.

-USDINR is at 75.78. Prior day’s close was 75.10.

-Indian Equity decline 4.8%.

-Indian 10 year G-SEC yield is at 6.09%.

-USDINR 1 yr fwd premia is at 3.90%.

USDINR @ 75.78, EUR/USD 1.0935, GBP/USD @ 1.2445, USD/JPY @ 106.73, EUR/INR @ 82.86, GBP/INR @ 94.30 JPY/INR @ 69.85.

Gold@1708, WTI Crude @ 18.40, Nifty @ 9386(-473), 10 Year G-SEC @ 6.09.