USD is now at 74.30. USDINR opened at 74.3`. Expected range: 74.24-74.38.
US retail sales disppaointed. Despite that, USD rallied against Euro due to risk aversion caused by geo political issues, spread of delta variant and weaker economic data from China.
US FOMC minutes is due for release.
RBI ref rates:
-USDINR is at 74.30. Prior day’s close was 74.35.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.23%.
-USDINR 1 yr fwd premia is at 4.30%.
USDINR @ 74.30, EUR/USD 1.1716, GBP/USD @ 1.3743, USD/JPY @ 109.63, EUR/INR @ 87.05, GBP/INR @ 102.10
, JPY/INR @ 67.78
Gold@1791, WTI Crude @ 66.56, Nifty @ 16675(+61), 10 Year G-SEC @ 6.23%.
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