22/02/2021

Major developments:

USD is now at 72.32. USDINR opened at 72.56. Expect 72.25-72.56 range for the day.

Rupee gains as RBI withdraws from buying, perhaps mindful of steep increase in Crude and

commodity prices. Feeble support at lower level is possible. Rupee may remain under

pressure till 72.90 is cleared.

-USDINR is at 72.32. Prior day’s close was 72.65.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.20%.

-USDINR 1 yr fwd premia is at 5.17%.

USDINR @ 72.32, EUR/USD 1.2121, GBP/USD @ 1.4015, USD/JPY @ 105.65, EUR/INR @ 87.67, GBP/INR @ 101.39, JPY/INR @ 68.75.

Gold@1788, WTI Crude @ 60.15, Nifty @ 14837(-144), 10 Year G-SEC @ 6.20%.