Major developments:
USD is now at 74.28. USDINR opened at 74.32. Expected range: 74.24-74.40.
US FOMC maintained status quo and showed no hurry to end QE. Fed Chairman called for patience towards transitory inflation and added that many millions are still unemployed compared to pre pandemic levels. He also sounded cautiously optimistic on growth.
RBI ref rates:
-USDINR is at 74.28. Prior day’s close was 74.3775.
-Indian Equity indices gain.
-Indian 10 year G-SEC yield is at 6.19%.
-USDINR 1 yr fwd premia is at 4.45%.
USDINR @ 74.28, EUR/USD 1.1856, GBP/USD @ 1.3929, USD/JPY @ 109.77, EUR/INR @ 88.08, GBP/INR @ 103.47, JPY/INR @ 67.68
Gold@1815, WTI Crude @ 72.65, Nifty @ 15791(+81), 10 Year G-SEC @ 6.19%.
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