Major developments:
USD is now at 74.10. USDINR opened at 74.22. Expect 73.95-74.25 range for the day. Rupee gained, tracking USD fall against majors after Fed’s dpvish message. Fed left rates unchanged and sounded optimistic about economic recovery. It also reiterated that there will be no change in dovish stance till employment objectives is fulfilled.
RBI REF RATE:
-USDINR is at 74.10. Prior day’s close was 74.37.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 6.05%.
-USDINR 1 yr fwd premia is at 4.72%.
USDINR @ 74.08, EUR/USD 1.2135, GBP/USD @ 1.3956, USD/JPY @ 108.59, EUR/INR @ 89.90, GBP/INR @ 103.39, JPY/INR @ 68.23.
Gold@1784, WTI Crude @ 64, Nifty @ 14869(+8), 10 Year G-SEC @ 6.05%.
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