FX RATES AND USDINR FWDS :

Major developments:

USD is now at 73.23. USDINR opened at 73.13. Expected range: 73.10-73.30. ECB meeting is the focus event for this week.

RBI REF RATES:

-USDINR is at 73.23 .Prior day’s close was 73.11.

-Indian Equity indices decline mildly.

-Indian 10 year G-SEC yield is at 6.19%.

-USDINR 1 yr fwd premia is at 4.32%.

USDINR @ 73.23, EUR/USD 1.1874, GBP/USD @ 1.3836, USD/JPY @ 109.81, EUR/INR @ 86.95, GBP/INR @ 101.30, JPY/INR @ 66.69.

Gold@1823, WTI Crude @ 69.15, Nifty @ 17335(-41), 10 Year G-SEC @ 6.19%.

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