13/10/2020

Major developments:

USD is now at 73.38. USDINR opened at 73.39. Expect 73.20-73.45 range for the day. Indian CPI climbed higher, quashing hopes of rate cut in Dec meeting. IIP Contracted- 8%.

GST Council could not agree on terms of GST compensation to states.

-USDINR is at 73.38. Prior day’s close was 73.27.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 5.89%.

-USDINR 1 yr fwd premia is at 4.15%.

USDINR @ 73.38, EUR/USD 1.1799, GBP/USD @ 1.3051, USD/JPY @ 105.44, EUR/INR @ 86.57, GBP/INR @ 95.75, JPY/INR @ 69.60.

Gold@1917, WTI Crude @ 39.45, Nifty @ 11967(+36), 10 Year G-SEC @ 5.89%.

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