Major developments:
USD is now at 72.89. USDINR opened at 72.91. Expect 72.84-73 range for the day.
Focus is on US Fed meeting and US GDP. USD/INR fwd premia climbs steeply. 1 yr PREMIA touches 5% p.a.
-USDINR is at 72.89. Prior day’s close was 72.95.
-Indian Equity indices decline for the 4 th day.
-Indian 10 year G-SEC yield is at 5.94%.
-USDINR 1 yr fwd premia is at 5%.
USDINR @ 72.89, EUR/USD 1.2157, GBP/USD @ 1.3730, USD/JPY @ 103.72, EUR/INR @ 88.60, GBP/INR @ 100.06, JPY/INR @ 70.28.
Gold@1845, WTI Crude @ 52.80, Nifty @ 14131(-106), 10 Year G-SEC @ 5.94%.
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