Major developments:
USD is now at 74.24. USDINR opened at 74.20. Expected range: 74.15-74.35. Crude rallied for the second consecutive day, as China reported full containment of corona cases. However, UK reported over 30 k cases and US reported over 3.4 lac cases. Risk on sentiment was aided on expectation of a dovish speech by Fed Chairman.
-USDINR is at 74.24 Prior day’s close was 74.19.
-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 @ 74.24, EUR/USD 1.1745, GBP/USD @ 1.3725, USD/JPY @ 109.73, EUR/INR @ 87.18, GBP/INR @ 101.87, JPY/INR @ 67.65.
Gold@1796, WTI Crude @ 67.25, Nifty @ 16690(+66), 10 Year G-SEC @ 6.25%.
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