Major developments:
USD is now at 73.65. USDINR opened at 73.63. Expect 73.60-73.80 range for the day. USDINR fwd premia has declined with 1 year falling back to 4.83% levels.
RBI ref rates:
-USDINR is at 73.65. Prior day’s close was 73.76.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 5.98%.
-USDINR 1 yr fwd premia is at 4.83%.
USDINR @ 73.65, EUR/USD 1.2061, GBP/USD @ 1.3906, USD/JPY @ 109.12, EUR/INR @ 88.84, GBP/INR @ 102.43, JPY/INR @ 67.50
Gold@1819, WTI Crude @ 65, Nifty @ 14824(+100), 10 Year G-SEC @ 5.98%.
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