FX RATES AND USDINR FWDS :

Major developments:

USD is now at 74.44. USDINR opened at 74.48. Expect 74.35-74.60 range for the day.

-USDINR is at 74.44. Prior day’s close was 74.46.

-Indian Equity indices climb marginally.

-Indian 10 year G-SEC yield is at 5.86%.

-USDINR 1 yr fwd premia is at 4.06%.

USDINR @ 74.44, EUR/USD 1.1873, GBP/USD @ 1.3267, USD/JPY @ 104.07, EUR/INR @ 88.38, GBP/INR @ 98.75, JPY/INR @ 71.52.

Gold@1878, WTI Crude @ 41.40, Nifty @ 12882(+8), 10 Year G-SEC @ 5.86%.

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