16/09/2020

Major developments:

USD is now at 73.65. USDINR opened at 73.59. Expect 73.47-73.80 range for the day. US FOMC meeting is the key focus event for the week. Indian trade deficit expanded to USD 6.8 bn in August as imports picked up.

-USDINR is at 73.65. Prior day’s close was 73.65.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.02%.

-USDINR 1 yr fwd premia is at 4.25%.

USDINR @ 73.65, EUR/USD 1.1850, GBP/USD @ 1.29, USD/JPY @ 106, EUR/INR @ 87.28, GBP/INR @ 95.01, JPY/INR @ 69.96.

Gold@1970, WTI Crude @ 38.97, Nifty @ 11561(+40), 10 Year G-SEC @ 6.02.

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