Major developments:
USD is now at 74.26. USDINR opened at 74.27. Expected range: 74.24-74.45.
10 Year G-SEC yield has climbed steeply to 6.15%.
Rupee is gaining and may climb to 73.90.
RBI ref rates:
-USDINR is at 74.26. Prior day’s close was 74.31.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.15%.
-USDINR 1 yr fwd premia is at 4.49%.
USDINR @ 74.26, EUR/USD 1.1873, GBP/USD @ 1.3880, USD/JPY @ 110.84, EUR/INR @ 88.18, GBP/INR @ 103.09,JPY/INR @ 67
Gold@1800, WTI Crude @ 76.75, Nifty @ 15853(+18), 10 Year G-SEC @ 6.15%.
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