Major developments:
USD is now at 74.54. USDINR opened at 74.63. Expected range: 74.35-74.65. Crude Oil continued its steep climb as OPEC+ did not agree to increase output. Indian bond yields have jumped higher and trade deficit worries are pressuring Rupee.
RBI REF RATES:
-USDINR is at 74.55 .Prior day’s close was 74.31.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 6.27%.
-USDINR 1 yr fwd premia is at 4.41%.
USDINR @ 74.55, EUR/USD 1.1592, GBP/USD @ 1.3590, USD/JPY @ 111.20, EUR/INR @ 86.41, GBP/INR @ 101.30 JPY/INR @ 67.04.
Gold@1756, WTI Crude @ 77.80, Nifty @ 17691(+0), 10 Year G-SEC @ 6.27%.
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