Major developments:
USD is now at 72.83. USDINR opened at 73.03. Expect 72.50-73.08 range for the day.
Equity and commodity markets continue to be volatile. Indian PMI services climbed to 55.3. Rupee gains is due to inflows from Bharti’s overseas bonds and Zomato company-related investments.
-USDINR is at 72.83. Prior day’s close was 72.72.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.24%.
-USDINR 1 yr fwd premia is at 4.87%.
USDINR @ 72.83, EUR/USD 1.2054, GBP/USD @ 1.3952, USD/JPY @ 107.05, EUR/INR @ 87.78, GBP/INR @ 101.58, JPY/INR @ 68.03.
Gold@1712, WTI Crude @ 61.85, Nifty @ 15075(-169), 10 Year G-SEC @ 6.24%.
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