USD is now at 74.45. USDINR opened at 74.43. Expected range: 74.35-74.55.
US FOMC decision will be known later tonight. Asian and Indian Equity markets are down
over 1%, tracking fall in Global Equity indices. Chinese crackdown on tech companies and
fear of US restrictions on US funds investing in Chinese shares have prompted steep decline
in many Asian markets.
RBI ref rates:
-USDINR is at 74.45. Prior day’s close was 74.465.
-Indian Equity indices decline steeply.
-Indian 10 year G-SEC yield is at 6.17%.
-USDINR 1 yr fwd premia is at 4.48%.
USDINR @ 74.45, EUR/USD 1.1817, GBP/USD @ 1.3867, USD/JPY @ 109.78, EUR/INR @ 88, GBP/INR @ 103.26
JPY/INR @ 67.84
Gold@1805, WTI Crude @ 72, Nifty @ 15543(-206), 10 Year G-SEC @ 6.17%.
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