Major developments:
USD is now at 74.14. USDINR opened at 74.11. Expected range: 74.08-74.24. Rupee gained as USD’S momentum against majors waned, expecting dovish statement from Fed Chief. Crude rallied 5% and Gold climbed above 1800 USD.
RBI ref rates:
-USDINR is at 74.14. Prior day’s close was 74.21.
-Indian Equity indices climb marginally higher.
-Indian 10 year G-SEC yield is at 6.25%.
-USDINR 1 yr fwd premia is at 4.28%.
USDINR @ 74.13, EUR/USD 1.1741, GBP/USD @ 1.3729, USD/JPY @ 109.78, EUR/INR @ 87.04, GBP/INR @ 101.78, JPY/INR @ 67.53.
Gold@1804, WTI Crude @ 65.75, Nifty @ 16541(+43), 10 Year G-SEC @ 6.25%.
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