USD is now at 74.55. USDINR opened at 74.63. Expected range: 74.40-74.65. Crude Oil continued its steep climb as OPEC+ did not agree to increase output. Indian bond yields have jumped higher and trade deficit worries is pressuring Rupee.
Focus is on RBI policy and US employment data.
Moody’s upgraded Indian outlook to stable from negative, but kep rating unchanged.
RBI REF RATES:
-USDINR is at 74.55 .Prior day’s close was 74.45.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 6.28%.
-USDINR 1 yr fwd premia is at 4.42%.
USDINR @ 74.55, EUR/USD 1.1589, GBP/USD @ 1.3614, USD/JPY @ 111.72, EUR/INR @ 86.38, GBP/INR @ 101.49 JPY/INR @ 66.72
Gold@1752, WTI Crude @ 79.25, Nifty @ 17827(+5), 10 Year G-SEC @ 6.28%.
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