USD is now at 73.50. USDINR opened at 73.48. Expected range: 73.35-73.70. Indian Q1 GDP is to be released tomorrow. Fed Chairman’s remarks on QE tapering and rate hike were considered dovish and triggered weakness in USD. Rupee’s gains is partially attributed to this. However, strong inflows on Friday and lack of RBI intervention aided Rupee gains. Indian Equity indices are up today.
-USDINR is at 74.50 .Prior day’s close was 73.68.
-Indian Equity indices gain.
-Indian 10 year G-SEC yield is at 6.24%.
-USDINR 1 yr fwd premia is at 4.28%.
USDINR @ 73.50, EUR/USD 1.18, GBP/USD @ 1.3771, USD/JPY @ 109.77, EUR/INR @ 86.73, GBP/INR @ 101.21, JPY/INR @ 66.93.
Gold@1816, WTI Crude @ 68.34, Nifty @ 16862(+157), 10 Year G-SEC @ 6.28%.
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