Major developments:
USD is now at 73.11. USDINR opened at 73.17. Expect 73.05-73.18 range for the day.
Indian CPI moderated and IIP contracted. Food inflation was down to 3.6% and Core inflation was up 5.5%. Moderation in inflation would enable RBI to continue accomodative policy.
EUR/USD gained as Fed officials reiterated softer interest rate policy. US 10 Year yield softened.
-USDINR is at 73.11. Prior day’s close was 73.25.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 5.93%.
-USDINR 1 yr fwd premia is at 4.60%.
USDINR @ 73.11, EUR/USD 1.2214, GBP/USD @ 1.3681, USD/JPY @ 103.63, EUR/INR @ 89.30, GBP/INR @ 100.01, JPY/INR @ 70.56.
Gold@1859, WTI Crude @ 53.75, Nifty @ 14610(+49), 10 Year G-SEC @ 5.93%.
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