Major developments:
USD is now at 72.36. USDINR opened at 72.37. Expect a 72.30-72.45 range for the day.
Indian GDP data to be released later this week may show that economy entered into positive territory in Oct-Dec. Growth is estimated to be between 0.8 to 1.3%. The pound continued to surge on optimism over faster vaccination in the UK and its positive impact. Fed Chairman said that US economic recovery may be uneven with great uncertainty.
-USDINR is at 72.36. Prior day’s close was 72.47.
-Indian Equity indices climb marginally.
-Indian 10 year G-SEC yield is at 6.14%.
-USDINR 1 yr fwd premia is at 5.32%.
USDINR @ 72.36, EUR/USD 1.2147, GBP/USD @ 1.4158, USD/JPY @ 105.50, EUR/INR @ 87.88, GBP/INR @ 102.42, JPY/INR @ 68.57.
Gold@1809, WTI Crude @ 61.09, Nifty @ 14794(+81), 10 Year G-SEC @ 6.14%.
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