23/11/2020

Major developments:

USD is now at 74.19. USDINR opened at 74.13. Expect 74.10-74.30 range for the day. Focus will be Indian Q2 GDP data to be released at the end of the month. US FDA could authorise Corona vaccine for administration. US may get first vaccine doses by end Dec.

FOMC minutes and US Consumer spending are other key data sets for this week.

-USDINR is at 74.19. Prior day’s close was 74.15.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 5.87%.

-USDINR 1 yr fwd premia is at 4.16%.

USDINR @ 74.19, EUR/USD 1.1873, GBP/USD @ 1.3317, USD/JPY @ 103.75, EUR/INR @ 88.08, GBP/INR @ 98.76, JPY/INR @ 71.32.

Gold@1872, WTI Crude @ 42.50, Nifty @ 12843(-15), 10 Year G-SEC @ 5.87%.

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