Major developments:

USD is now at 74.17. USDINR opened at 74.15. Expected range: 74.10-74.30. India’s exports grew by 21.3% in Sept to US D 33.44 bn, while imports climbed to USD 56.38 bn. Sept trade deficit hit USD 23 bn (nearly). In Apr-Sept, exports stand at USD 197.11 bn. The trade deficit stands at USD 78.81 bn.

US NFP is the key data event for the week. Indian Equity indices have shrugged off Asian Equity worries and has now rallied over 1% today.

RBI REF RATES:

Trade Date      1 USD      1 GBP       1 EURO    100 YEN

01-Oct-21      74.27      99.93        86.01     66.83

-USDINR is at 74.17. Prior day’s close was 74.12.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.25%.

-USDINR 1 yr fwd premia is at 4.42%.

USDINR @ 74.17, EUR/USD 1.1597, GBP/USD @ 1.3548, USD/JPY @ 111.03, EUR/INR @ 86, GBP/INR @ 100.48, JPY/INR @ 66.80.

Gold@1761, WTI Crude @ 75.75, Nifty @ 17733(+201), 10 Year G-SEC @ 6.25%.

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