Major developments:
USD is now at 72.94. USDINR opened at 73.02. Rupee is expected to remain firm till 73.55 is
not breached. Expect 72.80-73.05 range for the day. Rupee gained further on inflows of JSW
bond issue of USD 700 mn. Focus is on US FOMC minutes.
RBI ref rates:
-USDINR is at 72.94. Prior day’s close was 73.04.
-Indian Equity indices decline marginally.
-Indian 10 year G-SEC yield is at 5.97%.
-USDINR 1 yr fwd premia is at 5.35%.
USDINR @ 72.94, EUR/USD 1.2233, GBP/USD @ 1.4188, USD/JPY @ 108.94, EUR/INR @ 89.23, GBP/INR @ 103.49, JPY/INR @ 66.95.
Gold@1868, WTI Crude @ 64.75, Nifty @ 15090(-17), 10 Year G-SEC @ 5.97%.
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