FX RATES AND USDINR FWDS :

Major developments:

USD is now at 74.31. USDINR opened at 74.36. Expected range: 74.24-74.36.

Focus is in US employment data to be released on Friday. RBI’s meeting is on 6 th Aug. RBI is expected to maintain status quo. RBI Governor’s assessment of growth and inflation will be keenly watched. Indian Equity indices hit new highs.

RBI ref rates:

-USDINR is at 74.31. Prior day’s close was 74.34.

-Indian Equity indices gain.

-Indian 10 year G-SEC yield is at 6.19%.

-USDINR 1 yr fwd premia is at 4.30%.

USDINR @ 74.31, EUR/USD 1.1880, GBP/USD @ 1.3895, USD/JPY @ 109.19, EUR/INR @ 88.29, GBP/INR @ 103.25, JPY/INR @ 68.06.

Gold@1813, WTI Crude @ 71.28, Nifty @ 15973(+87), 10 Year G-SEC @ 6.19%.

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