Major developments:
USD is now at 74.91. USDINR opened at 74.95. Expected range: 74.74-74.95.
The rupee is down as Global markets are shaken by a resurgence of the Delta variant of Corona.
Indian Equity indices have tumbled in tandem with Global markets fall. Crude has also Vdeclined steeply.
RBI ref rates:
-USDINR is at 74.91. Prior day’s close was 74.87.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.12%.
-USDINR 1 yr fwd premia is at 4.43%.
USDINR @ 74.91, EUR/USD 1.1791, GBP/USD @ 1.3672, USD/JPY @ 109.47, EUR/INR @ 88.33, GBP/INR @ 102.42, JPY/INR @ 68.43.
Gold@1818, WTI Crude @ 66.60, Nifty @ 15657(-93), 10 Year G-SEC @ 6.12%.
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