Major developments:
USD is now at 73.05. USDINR opened at 73.07. Expect 72.85-73.10 range for the day.
Indian GDP data to be released today. Growth is estimated to be between 0.8 to 1.3%.
USDINR fwd premia has softened to 5.02% annualised for 1 year. Indian and Global indices
are down 3% due to surging Global yields.
-USDINR is at 73.05. Prior day’s close was 72.44.
-Indian Equity indices decline over 3%.
-Indian 10 year G-SEC yield is at 6.22%.
-USDINR 1 yr fwd premia is at 5.02%.
USDINR @ 73.05, EUR/USD 1.2153, GBP/USD @ 1.3956, USD/JPY @ 106.17, EUR/INR @ 88.79, GBP/INR @ 101.95, JPY/INR @ 68.80.
Gold@1759, WTI Crude @ 62.59, Nifty @ 14731(-368), 10 Year G-SEC @ 6.21%.
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