Major developments:
USD is now at 74.44. USDINR opened at 74.46. Expected range: 74.35-74.55.
The rupee is steady. US FOMC is the most important event for this week.
RBI ref rates:
-USDINR is at 74.44. Prior day’s close was 74.41.
-Indian Equity indices gain marginally.
-Indian 10 year G-SEC yield is at 6.16%.
-USDINR 1 yr fwd premia is at 4.48%.
USDINR @ 74.44, EUR/USD 1.1781, GBP/USD @ 1.3756, USD/JPY @ 110.30, EUR/INR @ 87.74, GBP/INR @ 102.45, JPY/INR @ 67.37.
Gold@1807, WTI Crude @ 71.56, Nifty @ 15874(+15), 10 Year G-SEC @ 6.16%.
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