Major developments:
USD is now at 73.15. USDINR opened at 73.21. Expected range: 72.95-73.20.
Three IPO’S worth Rs 9000 Cr to hit Indian market this week. USD inflows expected for IPO’S.
US FOMC is the key event.
RBI ref rates:
-USDINR is at 73.15. Prior day’s close was 73.07.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.00%.
-USDINR 1 yr fwd premia is at 4.52%.
USDINR @ 73.15, EUR/USD 1.2099, GBP/USD @ 1.4112, USD/JPY @ 109.75, EUR/INR @ 88.50, GBP/INR @ 103.22, JPY/INR @ 66.75.
Gold@1866, WTI Crude @ 71.22, Nifty @ 15725(-73), 10 Year G-SEC @ 6.00%.
