FX RATES AND USDINR FWDS

Major developments:

USD is now at 73.38. USDINR opened at 73.35. Expect 73.20-73.50 range for the day.

-USDINR is at 73.38. Prior day’s close was 73.34.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 5.90%.

-USDINR 1 yr fwd premia is at 4.10%.

USDINR @ 73.38, EUR/USD 1.1742, GBP/USD @ 1.2923, USD/JPY @ 105.44, EUR/INR @ 86.16, GBP/INR @ 94.82, JPY/INR @ 69.60.

Gold@1923, WTI Crude @ 40.04, Nifty @ 11852(-80), 10 Year G-SEC @ 5.90%.

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