12/11/2020

Major developments:

USD is now at 74.40. USDINR opened at 74.42. Expect 74.25-74.55 range for the day. Indian IIP and CPI are focus data events for this week. US CPI and UK GDP are important data events for the day.

There are reports that FM is likely to unveil new economic measures later today. Govt announced Production linked incentive scheme for 10 sectors with 1.5 lac cr outlay over 5 year period.

-USDINR is at 74.40. Prior day’s close was 74.37.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 5.91%.

-USDINR 1 yr fwd premia is at 4.00%.

USDINR @ 74.40, EUR/USD 1.1776, GBP/USD @ 1.3208, USD/JPY @ 105.28, EUR/INR @ 87.59, GBP/INR @ 98.25, JPY/INR @ 70.66.

Gold@1868, WTI Crude @ 41.55, Nifty @ 12700(-49), 10 Year G-SEC @ 5.91%.

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