Major developments:
USD is now at 74.81. Rupee opened at 74.77. Expect 74.70-74.95 range for the day.
Indian IIP clijmbed in July as compared to June, but still -16% down y/y. Consumer non durables grew by 14% due to rural demand. CPI data is expected today.
Russia announced that it has successfully developed vaccine for corona, though
professionals are skeptical due to skipping of phase III.
Gold corrected 10% in last 2 sessions due to risk on mode in Equities and better than expected economic data.

-USDINR is at 74.81. Prior day’s close was 74.78.
-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 5.92%.
-USDINR 1 yr fwd premia is at 3.85%.
USDINR @ 74.81, EUR/USD 1.1712, GBP/USD @ 1.3018, USD/JPY @ 106.78, EUR/INR @ 87.62, GBP/INR @ 97.39, JPY/INR @ 70.05
Gold@1887, WTI Crude @ 41.70, Nifty @ 11271(-51), 10 Year G-SEC @ 5.92.

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