03/07/2020

Major developments:

USD is now at 74.65. Rupee opened at 74.59. Expect 74.50-74.90 range for the day.

Rupee gained y’day on Reliance inflows of USD 800 mn. Intel has also invested USD 235 mn in Jio. RBI refrained from intervention. US employment data was better than expected.

-USDINR is at 74.65. Prior day’s close was 75.01.

-Indian Equity indices climb 0.38%.

-Indian 10 year G-SEC yield is at 5.85%.

-USDINR 1 yr fwd premia is at 3.78%.

USDINR @ 74.65, EUR/USD 1.1229, GBP/USD @ 1.2460, USD/JPY @ 107.53, EUR/INR @ 83.83, GBP/INR @ 93.01, JPY/INR @ 69.42.

Gold@1787, WTI Crude @ 40.20, Nifty @ 10590(+40), 10 Year G-SEC @ 5.85.

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