26/08/2020
Major developments:
USD is now at 74.32. USDINR opened at 74.31. Expect 74.15-74.50 range for the day. Focus is on Fed Chairman’s speech at a symposium later this week. USDINR fwd premia has climbed to 4.20% for 1 year. 10 Year G-SEC Yield has mildly softened to 6.14% as RBI is doing a buy/sell (operation twist) in G-SEC to contain long term yield.
-USDINR is at 74.32. Prior day’s close was 74.32.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 6.14%.
-USDINR 1 yr fwd premia is at 4.20%.
USDINR @ 74.32, EUR/USD 1.1812, GBP/USD @ 1.3138, USD/JPY @ 106.40, EUR/INR @ 87.78, GBP/INR @ 97.62, JPY/INR @ 69.84.
Gold@1930, WTI Crude @ 43.38, Nifty @ 11484(+12), 10 Year G-SEC @ 6.14.
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