Major developments:
USD is now at 74.10. USDINR opened at 74.16. Expected range: 74.05-74.25.
Indian Indices climb steeply. Fed Chairman is testifying before US Congress today.
RBI ref rates:
-USDINR is at 74.10. Prior day’s close was 74.12.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.03%.
-USDINR 1 yr fwd premia is at 4.42%.
USDINR @ 74.10, EUR/USD 1.1901, GBP/USD @ 1.3905, USD/JPY @ 110.45, EUR/INR @ 88.18, GBP/INR @ 103.04
JPY/INR @ 67.09.
Gold@1785, WTI Crude @ 73.10, Nifty @ 15876(+129), 10 Year G-SEC @ 6.03%.
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