USD is now at 74.41. USDINR opened at 74.42. Expect 74.15-74.50 range for the day.
US Elections, Fed meeting, BOE meeting and European lockdown are the dominant factors this week.
Indian Oct GST collections climbed to 1.05 lac Cr, the best since Feb and higher than last year.
Car and two wheeler sales were robust in Oct. Petrol,diesel consumption were higher and freight collections climbed 13% y/y. Reliance results dragged down markets.
-USDINR is at 74.41. Prior day’s close was 74.11.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 5.89%.
-USDINR 1 yr fwd premia is at 3.94%.
USDINR @ 74.41, EUR/USD 1.1635, GBP/USD @ 1.2908, USD/JPY @ 104.73, EUR/INR @ 86.62, GBP/INR @ 96.09, JPY/INR @ 71.26.
Gold@1881, WTI Crude @ 34.45, Nifty @ 11610(-29), 10 Year G-SEC @ 5.89%.
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