Major developments:
USD is now at 74.18. USDINR opened at 74.25. Expect 74.05-74.35 range for the day. US NFP, Global PMI data are the focus events for the week. With 4 states under lockdown and more states to follow, there is apprehension on economic recovery.
RBI REF RATE:
-USDINR is at 74.18. Prior day’s close was 74.07.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.02%.
-USDINR 1 yr fwd premia is at 4.88%.
USDINR @ 74.18, EUR/USD 1.2018, GBP/USD @ 1.3809, USD/JPY @ 109.65, EUR/INR @ 89.16, GBP/INR @ 102.47, JPY/INR @ 68.01
Gold@1773, WTI Crude @ 63.21, Nifty @ 14547(-84), 10 Year G-SEC @ 6.02%.
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