Major developments:
USD is now at 72.72. USDINR opened at 72.75. Expect 72.60-72.90 range for the day.
Indian CPI rose to 5.03% in Feb, while IIP contracted -1.6% in Jan. US retail sales and FOMC
Meetings are key events for this week.
USDINR could trade in the 72.40-72.95 range this week.
-USDINR is at 72.72. Prior day’s close was 72.79.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.24%.
-USDINR 1 yr fwd premia is at 4.89%.
USDINR @ 72.72, EUR/USD 1.1944, GBP/USD @ 1.3925, USD/JPY @ 109.17, EUR/INR @ 86.85, GBP/INR @ 101.26, JPY/INR @ 66.68.
Gold@1722, WTI Crude @ 66.10, Nifty @ 14846(-184), 10 Year G-SEC @ 6.23%.
