USD is now at 74.95. USDINR opened at 75.02. Expected range: 74.82-75.16.
RBI kept repo rate unchanged at 4%. GDP is expected to climb at 9.5% this year. Inflation is
expected to be 5.3% for full year. RBI is optimistic about the economy and Governor said
there is pick up in investment activity.
Rupee declined past 75 and spiked to 75.16, as Crude rose steeply from y’day’s low. US
employment data is the key event for the day.
RBI REF RATES:
-USDINR is at 74.95 .Prior day’s close was 74.78.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.28%.
-USDINR 1 yr fwd premia is at 4.42%.
USDINR @ 74.95, EUR/USD 1.1550, GBP/USD @ 1.3602, USD/JPY @ 111.91, EUR/INR @ 86.57, GBP/INR @ 101.95
JPY/INR @ 66.98
Gold@1757, WTI Crude @ 79.40, Nifty @ 17917(+126), 10 Year G-SEC @ 6.28%.
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