05/06/2020

Major developments:

USD is now at 75.41. Rupee opened at 75.38. Expect 75.35-75.65 range for the day. ECB’s expansion of monetary stimulus and German fiscal measures have triggered Euro rally.

EUR/INR is bow at 85.60. US Unemployment data is the key event for the day.

-USDINR is at 75.41. Prior day’s close was 75.57.

-Indian Equity indices climb 0.46%.

-Indian 10 year G-SEC yield is at 5.83%.

-USDINR 1 yr fwd premia is at 3.80%.

USDINR @ 75.41, EUR/USD 1.1349, GBP/USD @ 1.2616, USD/JPY @ 109.13, EUR/INR @ 85.60, GBP/INR @ 95.15, JPY/INR @ 69.10.

Gold@1715, WTI Crude @ 37.48, Nifty @ 10074(+45), 10 Year G-SEC @ 5.83.