USD is now at 73.24. USDINR opened at 73.23. Expect 73.03-73.38 range for the day.
US CPI, Indian IIP and CPI data are key events for this week. US Treasury secy said that the fiscal stimulus of 1.9 trn USD will pave way for economic recovery and Fed has many tools to control inflation. The market is caught between economic recovery and rising inflation themes.
USD 10 yr yield is holding high at 1.58%.
-USDINR is at 73.24. Prior day’s close was 73.25.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.21%.
-USDINR 1 yr fwd premia is at 4.89%.
USDINR @ 73.24, EUR/USD 1.1856, GBP/USD @ 1.3844, USD/JPY @ 109.19, EUR/INR @ 86.85, GBP/INR @ 101.40, JPY/INR @ 67.08.
Gold@1685, WTI Crude @ 67.08, Nifty @ 15065(+107), 10 Year G-SEC @ 6.21%.
For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support : 044-40329999