FX RATES AND USDINR FWDS :

Major developments:

USD is now at 72.97. USDINR opened at 72.97. Rupee is expected to remain firm till 73.20 is not breached. Expect 72.90-73.05 range for the day.

RBI ref rates:

-USDINR is at 72.97. Prior day’s close was 73.10.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 5.96%.

-USDINR 1 yr fwd premia is at 5.22%.

USDINR @ 72.97, EUR/USD 1.2237, GBP/USD @ 1.4187, USD/JPY @ 108.73, EUR/INR @ 89.29, GBP/INR @ 103.52, JPY/INR @ 67.11.

Gold@1876, WTI Crude @ 62.20, Nifty @ 15096(+190), 10 Year G-SEC @ 5.96%.

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