Major developments:
USD is now at 74.66. USDINR opened at 74.60. Expected range: 74.45-74.70.
10 Year G-SEC yield has climbed steeply to 6.18%.
Crude fell steeply from Tuesday’s highs and has provided some relief. US Fed minutes is the key event.
RBI ref rates:
-USDINR is at 74.67. Prior day’s close was 74.55.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.18%.
-USDINR 1 yr fwd premia is at 4.45%.
USDINR @ 74.67, EUR/USD 1.1820, GBP/USD @ 1.3797, USD/JPY @ 110.52, EUR/INR @ 88.26, GBP/INR @ 103.02, JPY/INR @ 67.56
Gold@1798, WTI Crude @ 73.46, Nifty @ 15825(+7), 10 Year G-SEC @ 6.18%.
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