07/10/2020

Major developments:

USD is now at 73.49. USDINR opened at 73.56. Expect 73.25-73.55 range for the day. US President called off talks with Democrats on stimulus bill details and said that he will bring a bigger bill, if elected. RBI MPC is to meet on Friday as the commitee has 3 new members. ECB official called for extra stimulus by EU Govts. Fed Chairman also called for Govt fiscal support.

-USDINR is at 73.49. Prior day’s close was 73.46.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.01%.

-USDINR 1 yr fwd premia is at 4.21%.

USDINR @ 73.49, EUR/USD 1.1731, GBP/USD @ 1.2887, USD/JPY @ 105.72, EUR/INR @ 86.22, GBP/INR @ 94.71, JPY/INR @ 69.52.

Gold@1887, WTI Crude @ 39.93, Nifty @ 11711(+49), 10 Year G-SEC @ 6.01%.

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