16/10/2020

Major developments:

USD is now at 73.34. USDINR opened at 73.43. Expect 73.25-73.50 range for the day. Govt of India to borrow 1.1 trn Rupees to pay as GST compensation to states.

UK announced lock down restrictions again due to new wave of infection.

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

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 5.92%.

-USDINR 1 yr fwd premia is at 4.07%.

USDINR @ 73.34, EUR/USD 1.1704, GBP/USD @ 1.2895, USD/JPY @ 105.28, EUR/INR @, 85.84, GBP/INR @ 94.58, JPY/INR @ 69.68.

Gold@1910, WTI Crude @ 40.64, Nifty @ 11751(+71), 10 Year G-SEC @ 5.92%.

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