Major developments:
USD is now at 73.74. USDINR opened at 73.78. Expected range: 73.70-73.90. Rupee continues to decline for the third consecutive day. ECB meeting is the focus event for the day.
RBI REF RATES:
-USDINR is at 73.74 .Prior day’s close was 73.60.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 6.177%.
-USDINR 1 yr fwd premia is at 4.30%.
USDINR @ 73.74, EUR/USD 1.1815, GBP/USD @ 1.3757, USD/JPY @ 110.14, EUR/INR @ 87.12, GBP/INR @ 101.45, <JPY/INR @ 66.95.
Gold@1789, WTI Crude @ 69.33, Nifty @ 17360(+5), 10 Year G-SEC @ 6.177%.
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