FX RATES AND USDINR FWDS :

Major developments:

USD is now at 72.60. USDINR opened at 72.68. Expect 72.45-72.70 range for the day. Indian Equity indices are down as Corona infection curve has steepened. FII’S were net sellers in last few sessions.Eur is down against USD.

-USDINR is at 72.60. Prior day’s close was 72.56.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.16%.

-USDINR 1 yr fwd premia is at 5.27%.

USDINR @ 72.60, EUR/USD 1.1824, GBP/USD @ 1.3700, USD/JPY @ 108.94, EUR/INR @ 85.85, GBP/INR @ 99.48, JPY/INR @ 66.65.

Gold@1735, WTI Crude @ 60, Nifty @ 14408(-143), 10 Year G-SEC @ 6.16%.

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