Major developments:
USD is now at 73.03. USDINR opened at 73.08. Expect 72.95-73.15 range for the day.
US President elect announced that he is unveiling USD 1.15 trn stimulus package which
includes direct transfer of USD 1400 per month to every household in addition to USD 600 in existence. USD rallied, tracking higher US Yields which is a negative consequence of higher fiscal stimulus.
-USDINR is at 73.03. Prior day’s close was 73.04.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 5.95%.
-USDINR 1 yr fwd premia is at 4.68%.
USDINR @ 73.03, EUR/USD 1.2138, GBP/USD @ 1.3670, USD/JPY @ 103.81, EUR/INR @ 88.64, GBP/INR @ 99.83, JPY/INR @ 70.35.
Gold@1847, WTI Crude @ 53.05, Nifty @ 14464(-133), 10 Year G-SEC @ 5.95%.
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