Major developments:
USD is now at 74.67. USDINR opened at 74.71. Expected range: 74.55-74.80.
Current account deficit widened to USD 8.2 Bn in Q4FY21 (1.0% of GDP).For FY21, the current account
balance recorded a surplus of 0.9% of GDP vs. a deficit of 0.9% in FY20. BOP surplus for full 2020-21
was at 13 year high of 87.29 BN.
US NFP is the key event for the day.
RBI ref rates:
-USDINR is at 74.67. Prior day’s close was 74.56.
-Indian Equity indices decline marginally.
-Indian 10 year G-SEC yield is at 6.06%.
-USDINR 1 yr fwd premia is at 4.38%.
USDINR @ 74.67, EUR/USD 1.1846, GBP/USD @ 1.3771, USD/JPY @ 111.57, EUR/INR @ 88.45, GBP/INR @ 102.81, JPY/INR @ 66.92.
Gold@1778, WTI Crude @ 75.20, Nifty @ 15642(-38), 10 Year G-SEC @ 6.06%.
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