03/11/2020

Major developments:

USD is now at 74.31. USDINR opened at 74.34. 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 PMI(mfrg) climbed to 13 year high reading.

-USDINR is at 74.30. Prior day’s close was 74.43.

-Indian Equity indices climb.

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

-USDINR 1 yr fwd premia is at 3.90%.

USDINR @ 74.30, EUR/USD 1.1650, GBP/USD @ 1.2917, USD/JPY @ 104.74, EUR/INR @ 86.56, GBP/INR @ 95.97, JPY/INR @ 70.94.

Gold@1892, WTI Crude @ 36.77, Nifty @ 11792(+123), 10 Year G-SEC @ 5.89%.