FX RATES AND USDINR FWDS

24/08/2020

Major developments:

USD is now at 74.85. USDINR opened at 74.90. Expect 74.90-74.75 range for the day. Focus is on Fed Chairman’s speech at a symposium later this week. USDINR fwd premia has climbed to 4.12% for 1 year. 10 Year G-SEC Yield has spurted to 6.19%.

-USDINR is at 74.85. Prior day’s close was 74.85.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.19%.

-USDINR 1 yr fwd premia is at 4.11%.

USDINR @ 74.85, EUR/USD 1.1791, GBP/USD @ 1.3087, USD/JPY @ 105.90, EUR/INR @ 88.27, GBP/INR @ 97.97, JPY/INR @ 70.84.

Gold@1947, WTI Crude @ 42.26, Nifty @ 11438(+67), 10 Year G-SEC @ 6.19.

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