Major developments:
USD is now at 73.40. USDINR opened at 73.49. Expect 73.35-73.65 range for the day.
RBI ref rates:
-USDINR is at 73.40. Prior day’s close was 73.34.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6%.
-USDINR 1 yr fwd premia is at 5.10%.
USDINR @ 73.40, EUR/USD 1.2124, GBP/USD @ 1.4121, USD/JPY @ 108.86, EUR/INR @ 89, GBP/INR @ 103.70, JPY/INR @ 67.45
Gold@1830, WTI Crude @ 65.40, Nifty @ 14730(-107), 10 Year G-SEC @ 6%.
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