Major developments:
USD is now at 73.03. USDINR opened at 73.03. Expect 72.95-73.15 range for the day.
RBI intervention through PSU banks continue to stem Rupee gain.
ECB and BOJ made no major changes to existing policy. ECB cautioned on economic outlook due to lock down restricions and surging infections in EU. Focus is on PMI releases.
-USDINR is at 73.03. Prior day’s close was 73.
-Indian Equity indices decline marginally.
-Indian 10 year G-SEC yield is at 5.96%.
-USDINR 1 yr fwd premia is at 4.68%.
USDINR @ 73.03, EUR/USD 1.2174, GBP/USD @ 1.3712, USD/JPY @ 103.57, EUR/INR @ 88.90, GBP/INR @ 100.12, JPY/INR @ 70.51.
Gold@1863, WTI Crude @ 52.50, Nifty @ 14574(-15), 10 Year G-SEC @ 5.96%.
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