06/07/2020
Major developments:
USD is now at 74.63. Rupee opened at 74.50. Expect 74.45-74.75 range for the day. Rupee continues to gain on increased Jio inflows and expected trade surplus. Focus is on US ISM(non mfrg) data.
-USDINR is at 74.63. Prior day’s close was 74.64.
-Indian Equity indices climb 1.28
-Indian 10 year G-SEC yield is at 5.83%.
-USDINR 1 yr fwd premia is at 3.82%.
USDINR @ 74.63, EUR/USD 1.1290, GBP/USD @ 1.2496, USD/JPY @ 107.68, EUR/INR @ 84.26, GBP/INR @ 93.27, JPY/INR @ 69.22.
Gold@1781, WTI Crude @ 40.55, Nifty @ 10741(+135), 10 Year G-SEC @ 5.83
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