FX RATES AND USDINR FWDS

06/10/2020
Major developments:
USD is now at 73.30. USDINR opened at 73.18. Expect 73.15-73.45 range for the day. Global and Indian Equity indices are in rally mode. USD declined against majors. US President seems to be on recovery path. Markets expect Democrat President (who is presently leading in opinion polls) to spend more and give a bigger stimulus. EUR/USD broke the 1.1750 resistance levels.

-USDINR is at 73.30. Prior day’s close was 73.30.
-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.02%.
-USDINR 1 yr fwd premia is at 4.21%.
USDINR @ 73.30, EUR/USD 1.1789, GBP/USD @ 1.2988, USD/JPY @ 105.65, EUR/INR @ 86.41, GBP/INR @ 95.20, JPY/INR @ 69.38.
Gold@1915, WTI Crude @ 39.33, Nifty @ 11585(+82), 10 Year G-SEC @ 6.02%.

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