Major developments:
USD is now at 73.13. USDINR opened at 73.13. Expect 72.95-73.15 range for the day.
Global and Indian Wquity markets decline steeply on valuation worries. Fed reiterates low rate and continuation of asset purchases. USD gains against majors.
-USDINR is at 73.13. Prior day’s close was 72.92.
-Indian Equity indices decline for the 5 th consecutive day.
-Indian 10 year G-SEC yield is at 5.94%.
-USDINR 1 yr fwd premia is at 4.85%.
USDINR @ 73.13, EUR/USD 1.2093, GBP/USD @ 1.3670, USD/JPY @ 104.31, EUR/INR @ 88.44, GBP/INR @ 99.94, JPY/INR @ 70.10.
Gold@1834, WTI Crude @ 52.55, Nifty @ 13832(-133), 10 Year G-SEC @ 5.94%.
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