Major developments:
USD is now at 74.48. USDINR opened at 74.48. Expected range: 74.40-74.65.
Inflows expected for Zomato IPO and other IPO’S. RBI ‘s action will give clue about their thinking on USDINR rates.
RBI ref rates:
-USDINR is at 74.45. The prior day’s close was 74.58.
-Indian Equity indices climb higher.
-Indian 10 year G-SEC yield is at 6.10%.
-USDINR 1 yr fwd premia is at 4.48%.
SDINR @ 74.45, EUR/USD 1.1858, GBP/USD @ 1.3883, USD/JPY @ 110.40, EUR/INR @ 88.31, GBP/INR @ 103.40, JPY/INR @ 67.46.
Gold@1810, WTI Crude @ 74.45, Nifty @ 15775(+84), 10 Year G-SEC @ 6.10%.
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