Major developments:
USD is now at 73.39. USDINR opened at 73.77. Expect 73.20-73.77 range for the day.
Indian Q 3 GDP climbed 0.4%, led by agri and construction growth. Industrial growth was around 1.9%. Surprisingly, private consumption was down and dragged growth lower.
For the full year, GDP could contract between 7.5%- 8%.
OPEC is meeting and could increase supplies. Global PMI data and US non farm payrolls are focus data events for this week.
USDINR fwd premia has softened to 4.90% annualised for 1 year. Indian and Global indices are up 2% due to stabilisation of Global yields.
-USDINR is at 73.39. Prior day’s close was 73.46.
-Indian Equity indices climb 2%.
-Indian 10 year G-SEC yield is at 6.20%.
-USDINR 1 yr fwd premia is at 4.91%.
USDINR @ 73.39, EUR/USD 1.2080, GBP/USD @ 1.3971, USD/JPY @ 106.47, EUR/INR @ 88.61, GBP/INR @ 102.48, JPY/INR @ 69.29.
Gold@1748, WTI Crude @ 62.48, Nifty @ 14802(+273), 10 Year G-SEC @ 6.20%.
For all your investment needs feel free to reach Goodwill.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999
