FX RATES AND USDINR FWDS

Major developments:

USD is now at 74.83. Rupee opened at 74.83. Expect 74.80-74.95 range for the day.

-USDINR is at 74.83. Prior day’s close was 74.90.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 5.90%.

-USDINR 1 yr fwd premia is at 3.85%.

USDINR @ 74.83, EUR/USD 1.1755, GBP/USD @ 1.3090, USD/JPY @ 106.11, EUR/INR @ 87.96, GBP/INR @ 97.94, JPY/INR @ 70.52

Gold@2016, WTI Crude @ 42.27, Nifty @ 11353(+83), 10 Year G-SEC @ 5.90.

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