Major developments:
USD is now at 72.99. USDINR opened at 73.03. Expect 72.95-73.10 range for the day.
Focus is now on Budget .
-USDINR is at 72.99. Prior day’s close was 73.04.
-Indian Equity indices decline for the 6 th consecutive day.
-Indian 10 year G-SEC yield is at 5.94%.
-USDINR 1 yr fwd premia is at 4.85%.
USDINR @ 72.99, EUR/USD 1.2098, GBP/USD @ 1.3704, USD/JPY @ 104.52, EUR/INR @ 88.29, GBP/INR @ 100.03, JPY/INR @ 69.83.
Gold@1846, WTI Crude @ 52.28, Nifty @ 13807(-11), 10 Year G-SEC @ 5.94%.
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