Major developments:
USD is now at 75.03. USDINR opened at 75.33. Expect 74.93-75.33 range for the day.
Indian equity indices are down marginally. RBI seems to have sold USD early today. USDINR fwd premia declines with 1 year retracing to 4.5% annualized.
RBI REF RATE:
-USDINR is at 75.03. Prior day’s close was 74.88.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.06%.
-USDINR 1 yr fwd premia is at 4.52%.
USDINR @ 75.03, EUR/USD 1.2033, GBP/USD @ 1.3927, USD/JPY @ 107.97, EUR/INR @ 90.31, GBP/INR @ 104.53, JPY/INR @ 69.51.
Gold@1793, WTI Crude @ 61.10, Nifty @ 14276(-18), 10 Year G-SEC @ 6.06%.
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