Major developments:
USD is now at 74.27. USDINR opened at 74.10. Expected range: 73.90-74.30.
Rupee continued to slide after y’day’s 1% decline. This is due to overall USD strength
against majors.
RBI ref rates:
-USDINR is at 74.27. Prior day’s close was 74.08.
-Indian Equity indices decline further.
-Indian 10 year G-SEC yield is at 6.02%.
-USDINR 1 yr fwd premia is at 4.45%.
USDINR @ 74.27, EUR/USD 1.1898, GBP/USD @ 1.3899, USD/JPY @ 110.20, EUR/INR @ 88.36, GBP/INR @ 103.22, JPY/INR @ 67.41.
Gold@1783, WTI Crude @ 70.56, Nifty @ 15500(-191), 10 Year G-SEC @ 6.02%.
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