Major developments:
USD is now at 74.19. USDINR opened at 74.10. Expected range: 74.08-74.25.
RBI kept rates steady. Repo rate was help at 4%. RBI expects GDP growth at 9.5% and inflation at 5.7% for this fiscal.10 year Yield has inched higher to 6.24% despite more GSAP buying. Rupee is almost unchanged and Equity indices are mildly down.
Focus is in US employment data to be released later tonight.
-USDINR is at 74.19. Prior day’s close was 74.17.
-Indian Equity indices decline marginally.
-Indian 10 year G-SEC yield is at 6.24%.
-USDINR 1 yr fwd premia is at 4.24%.
USDINR @ 74.19, EUR/USD 1.1824, GBP/USD @ 1.3916, USD/JPY @ 109.82, EUR/INR @ 87.72, GBP/INR @ 103.24, JPY/INR @ 67.55.
Gold@1801, WTI Crude @ 69.20, Nifty @ 16273(-21), 10 Year G-SEC @ 6.24%.
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