USD is now at 74.71. USDINR opened at 74.69. Expect 74.60-74.80 range for the day. Rupee gains on the back of overall USD weakness against majors and robust inflows.
US FOMC minutes is the focus event for this week. USD fell against majors and Gold climbed above 2000 USD again. US S&P index climbed to all time high, buoyed by housing data. US-China tensions continued to simmer with US President offering tax breaks for companies shifting from China to US. He also restricted Chinese Huawei from using US technology aided chips. Indian Equity indices continued to climb higher.
-USDINR is at 74.71. Prior day’s close was 74.76.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 5.98%.
-USDINR 1 yr fwd premia is at 3.98%.
USDINR @ 74.71, EUR/USD 1.1932, GBP/USD @ 1.3239, USD/JPY @ 105.57, EUR/INR @ 89.15, GBP/INR @ 98.90, JPY/INR @ 70.76.
Gold@2015, WTI Crude @ 42.65, Nifty @ 11425(+39), 10 Year G-SEC @ 5.98.
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